Are trusts still relevant? This makes it increasingly important for professionals who set up and administer trusts, trustees, as well as those who make use of trusts, to be aware of the legislation and case law and how to interpret and apply it.
In this seminar we will address the latest practical issues relating to trusts and what professional advisers should do for their clients to ensure that a trust is regarded as valid and effective.
Topics to be covered will include:
- Are trusts still relevant? No future for trusts?
- Sources of trust law and terminology
- The legal nature of a trust: is a trust a person?
- Statutes that define a trust as a person
- Trustees act on behalf of trusts: standards of behaviour
- Trust assets: When are they at risk? (a) no need to lift the veil (b) sham trusts (c) lifting the veil (d) universal partnerships
- Trusts: loans, leases and other agreements and the use of trust assets
- Why a trust?
- Ordinary trust and a bewind summary
- The amendment of trust deeds
- The parties to a trust
- Termination of a trust
- Trusts records and auditors and accountants
- Clauses in a trust deed: desirable and undesirable
- Business trusts
- Trusts: income tax and CGT and donations tax issues
Who should attend:
Professional advisers, financial planners, accountants and lawyers, trustees, beneficiaries of trusts, directors of companies and business people.
Professor Walter Geach
(CA (SA) BA LLB, M COM FCIS )
Walter Geach is a Chartered Accountant, is an admitted advocate of the High Court of South Africa and a Professor in the Department of Accounting at the University of Western Cape. He is a Fellow of the University of Kwazulu-Natal and of the Chartered Institute of Secretaries Southern Africa. Walter serves as a non-executive director of various companies including Grindrod Ltd, Grindrod Bank, QDOS (Pty) Ltd and The CareCross Group of companies in healthcare. He is further a member of the audit committee and risk committee of Grindrod Ltd and a member of the audit committee of Grindrod Bank. Walter is the author/co-author of over 14 books dealing with company law, trusts, financial planning and taxation, which are extensively used in practice by accountants, consultants, lawyers and financial planners.
This event and successful completion of the online assessment will secure 4 hours verifiable output TAXCPD points/units.
Including the following professional bodies. (AICA, CIMA, SAIPA, SAIBA, ACCA, FPI, CSSA, LSSA, FISA, ICBA, IAC, AAT)
Option 1 - Seminar:
Important: Please note that as from 2014 printed copies of notes is optional and will cost additional R50 per set and must be ordered. Electronic notes will be emailed to all registered delegates 2 days prior to the event. Should you require a printed copy on the day of the seminar kindly select the printed seminar notes when registering for the event.
Option 2 - Live Webinar Broadcast
This CPD event will be broadcast live on Wednesday 19 November 2014 from 09:00 - 13:00
Click here to register for the Webinar
Payments & Cancellations
All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
- Proof of payment will be requested at registration, if payment at that point in time has not been reflected on SAIT's bank account.
- Only written notice of cancellation will be recognised.
- If the cancellation occurs more than 30 days prior to the event no cancellation fee will be charged.
- If the cancellation occurs less than 30 but more than 10 days prior to the event a 50% cancellation fee will apply.
- If the cancellation occurs less than 10 days prior to the event a 100% cancellation fee will apply.
- Delegates who book and fail to attend will be liable for the full event fee.
- SAIT's liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.