This package is designed to assist the learner or anyone involved with a trust understand the key elements of forming and administering a trust in South Africa. The drafting and compilation of the relevant trust documentation is no simple feat.

One needs to be familiar with the various laws applicable to trusts, be aware of the developments in the field of trust law and informed of any amendments to the Master's requirements for the registration of trusts. To ensure that the trust assets are adequately protected and that the trust deed is a valid and practical one, as well as to ensure continued compliance, keeping yourself up to date with the latest legislation and trends is a vital part of the existence of a Trust.

Module 1: Formation of Trusts

• What is a Trust and what is it used for?
• How is a Trust Created? Registrations?
• How do you manage it? Tax Administration Formalities
• Contracts with Trusts
• How do you determine the tax residency of a trust?
• Place of incorporation
• Place of effective management
• DTA - Double Taxation Agreements
• Why are trusts so infamous for tax purposes?
• Different types of Trusts
• Parties to a Trust
• What are the potential advantages and disadvantages of establishing an Inter Vivos Trust?
• Trustees & Beneficiaries
• Assets of the Trust
• What assets can be part of a Trust?
• Who owns the assets in the Trust?
• When can the Trust Assets be Distributed?
• Estate-pegging Opportunities (Section 7C problem)
• Tax Considerations
• Offshore Trusts
• Trust owning shares in a company or close corporation

Module 2: Trust Accounting & Tax

• Trust Law 101
• The Income Tax Act and Trusts
• Trust administration, setting up a lawful Trust
• Roles, responsibilities of the trust founder & beneficiaries
• Terminating a Trust - what you need to know
• The deceased estate administration process
• Trusts and deceased estates – Accounting & Tax treatment

Module 3: Who is Involved in a Trust?

• What is a Trust
• Why a Trust
• What is a Trust asset
• Implication on death
• What is a Trustee
• What is a Beneficiary

Module 4: Different Types of Trusts

• Different types of Trusts
• The Role of the Trustee
• The Responsibility of the Trustee
• The Role of the Beneficiary
• The Right of the Beneficiary

Module 5: Administration of a Trust

• Registration of Trust at Master's office
• Amendment to Trustees
• Amendment to Trust Deed
• Amendment to Beneficiaries

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