Description
This session discusses Estate Duty, however would have been dealt with this during the course of the administration process detailed in previous sessions, as it forms part of the liabilities and in some fortunate cases maybe an asset. SARS must confirm that the estate is fully compliant before any distributions can be made and finalize the estate. During this session the SARS' procedures and requirements for compliance is also explained and the calculation of Estate Duty is demonstrated.. Topics Discussed: Outstanding returns of deceased up to date of deathAll outstanding returns must be filed to date of deathNew Income Tax profile must be created for the EstateAfter death income / expensesDeceased's personal SARS profile must be deregisteredEstate Duty and the calculation thereofSurviving spouse's inheritance (section 4q)Maintenance paymentsPolicies paid directly to third partiesAdministration costsOther exemptionsTransfer dutyAny SARS tax is an administration cost in the estateAll Included: Video presented courseDownloadable course materialCertificate of trainingSAIT Accredited - 4 verifiable CPD points-------------About the Presenter: Lize MullerLize is seasoned in the Administration of Deceased's Estates as she has been administering deceased estates since 2001. Lize has an AIPSA Diploma in Insolvency Law and obtained a certificate in Administration of Deceased's Estates, Continuing Legal Education and the Law Society of South Africa. Lize has now decided to share her vast knowledge on the subject to learners wanting to embark on this journey. Some achievements throughout her career: over 220 appointments as Executor in both Testate and Intestate Estatesact in advisory capacity to other appointed Executors as to estate administrative requirementshave held appointments in various complicated Estatesvarious Estates which included successful High Court Litigation in relation to heir and beneficiary disputesvarious Estates which included successful PIE Applicationsassisted with International Estates, including UK, Germany, Scotland and Spain by obtaining local appointmentsdrafted over 2300 Willsdrafting of International Willsaccepted various nominations by First National Bank and other third parties as Executorreferral Estates from various Firms of Attorneysassisting / acting as Administrator for various Firms of
