By planning your estate, you are carefully structuring your finances and assets in a way that ensures estate duties are minimized, that there is sufficient liquidity to meet your estate's financial obligations upon your death, and ultimately that any inheritances are sufficiently distributed or protected for your heirs.

There are numerous tax implications when it comes to inheritances; appropriate planning could help you limit the impact of taxation on your estate, and ultimately, the amount of money your loved ones inherit.

This 3-part Masterclass series will assist the learner to broaden the approach to effective estate planning.

Module 1: Marital Regimes & Assets of Testator/Testatrix

• Marital Regimes and the impact on assets
• Assets of Testator / Testatrix
• Interest in Companies / Close Corporations
• Claims
• Debtors
• Monies owned
• Creditors
• Loan Accounts
• The Costs of potential Administration Costs
• Possible cash contribution
• Credit Life
• Life Cover
• Outstanding bond and the impact on the surviving spouse / co-owner

Module 2: Estate Duty

• Assets / Property
• Section 4q deductions (survivng spouse)
• Estate Duty Rebate
• Possible roll over rebate to subsequent deceased
• Accrual claims
• Allowed Deductions
• Allowed costs / liabilities
• Bequests to certain registered institutions

Module 3: Drafting of a Last Will & Testament

• Drafting of a valid Last Will and Testament
• Signing of a valid Last Will and Testament
• Competency to make a Last Will and Testament
• Effect of divorce or annulment of marriage on will – 3 months grace period
• Encourage your client to review their Last Will and Testament at least once a year
• Cremation / organ donation
• Who can sign as witnesses to a Last Will and Testament
• Statutory requirements / formalities of valid Last Will and Testament – section 2 of the Wills Act no 7 of 1953

All Included:

• Video presented courses
• Downloadable course material
• Certificates of training
• Assessments (optional)
• SAIT Accredited – 4 Verifiable CPD Points per module
• No time limit to complete