|Handling the administration of trusts
About this course and what the programme includes
This course centres around the theory relating to trusts, more than the practical drafting of trusts. It is imperative that everyone rendering a service in terms of trusts first understands the basic theory on trusts before doing so. Most of the basic principles relating to trusts are canvassed, as well as the different types of trusts that are available in South Africa (being inclusive of discussion on the relevant Act pertaining to trusts). The aim of the course is to alleviate the misconception that trusts are complicated which results in many practitioners steering clear of rendering services in this field of law. The course strives to set out the legislative requirements and enforcements in respect of trusts, to enable individuals to better understand trusts and not feel threatened by its use and applications.
• What is a trust?
• Types of trusts
• The advantages and disadvantages of trusts
• Trust Property Control Act
• Role players of a trust
• Duties and powers of a trustee
• Rights of a beneficiary under a trust
• Tax implications on trusts
• Relevant court cases
Advocate (Dr) James Clark has been a practising advocate in the High Court of South Africa for the past 19 years. He is well known for civil and criminal litigation, drafting of contracts and wills through the Law Society of South Africa’s Legal Education and Development (LEAD) division, Damelin and KMA. Advocate Clark is very knowledgeable on the Administration of Deceased Estates ,and his detailed and strict approach to the drafting of wills is a new, innovative approach to such drafting. Advocate Clark has international exposure to drafting for the South African government and other international institutions, as well as being an internationally recognised author