Deceased Estates - Estate Duty

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