Deceased Estates - Estate Duty
Exploring Estate Duty
Lectures -2
Resources -1
Duration -1.5 hours
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Course 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.
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Topics Discussed:
- Outstanding returns of deceased up to date of death
- All outstanding returns must be filed to date of death
- New Income Tax profile must be created for the Estate
- After death income / expenses
- Deceased’s personal SARS profile must be deregistered
- Estate Duty and the calculation thereof
- Surviving spouse’s inheritance (section 4q)
- Maintenance payments
- Policies paid directly to third parties
- Administration costs
- Other exemptions
- Transfer duty
- Any SARS tax is an administration cost in the estate
All Included:
- Video presented course
- Downloadable course material
- Certificate of training
- SAIT Accredited - 4 verifiable CPD points
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About the Presenter:
Lize Muller
Lize 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 Estates
act in advisory capacity to other appointed Executors as to estate administrative requirements
have held appointments in various complicated Estates
various Estates which included successful High Court Litigation in relation to heir and beneficiary disputes
various Estates which included successful PIE Applications
assisted with International Estates, including UK, Germany, Scotland and Spain by obtaining local appointments
drafted over 2300 Wills
drafting of International Wills
accepted various nominations by First National Bank and other third parties as Executor
referral Estates from various Firms of Attorneys
assisting / acting as Administrator for various Firms of
Goals
What will you learn in this course:
Topics Covered drueing the course:
- Outstanding returns of deceased up to date of death
- All outstanding returns must be filed to date of death
- New Income Tax profile must be created for the Estate
- After death income / expenses
- Deceased’s personal SARS profile must be deregistered
- Estate Duty and the calculation thereof
- Surviving spouse’s inheritance (section 4q)
- Maintenance payments
- Policies paid directly to third parties
- Administration costs
- Other exemptions
- Transfer duty
- Any SARS tax is an administration cost in the estate
Prerequisites
What are the prerequisites for this course?
No prior experience needed
Curriculum
Check out the detailed breakdown of what’s inside the course
Deceased Estates - Estate Duty Course
2 Lectures
- Part 1 01:02:57 01:02:57
- Part 2 36:21 36:21
Instructor Details
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