WEBINAR
IN collaboration WITH
NEW Supreme Court Ruling
The Ultimate Wake-Up Call for Trustees
An essential case that is a wake-up call for trustees! The Supreme Court of Appeal’s ruling in SNYMAN v DE KOOKER NO & OTHERS is a game-changer for trust management, highlighting the critical need for clear financial reporting and meticulously drafted trust deeds.
This landmark decision sheds light on key issues that every trustee should understand, such as the crucial difference between terminating a trust and removing trustees and stresses the elevated level of accountability expected from trustees.
The case reveals the significant repercussions of failing to meet these standards and demonstrates how refining trust provisions can boost a trust’s effectiveness, ensure proper management, and prevent trustees from facing removal.
Join CPD Consortium and Micaela Paschini, Tax Attorney from Tax Consulting South Africa, covering the key lessons to be drawn from this case.
The stakes are high for your trusteeship – ignoring recent legal updates could have dire consequences!
Do not underestimate the impact of this latest SCA ruling and its legal precedents for trust management. Act now to stay informed
Key Topics
The key topics that will be covered
- Legal Concepts: Differentiating trust termination from trustee removal.
- Fiduciary Duties: Ensuring accurate accounting and high accountability.
- Trust Deeds: Addressing problematic provisions and the importance of meticulous drafting.
- Remedial Measures: Understanding the creation and implications of new trusts.
- Legal Precedents: Insights into standards for trustee conduct and compliance.
- Cost Implications: Navigating personal liability for costs due to trustee mismanagement.
WHO SHOULD ATTEND?
- Trustees
- Financial Advisors
- Fiduciary Specialists
- Estate Planners
- Trust Attorneys
- Legal Professionals
- Accountants and Tax Practitioners servicing trust clients
- Tax Attorneys
#TrusteeRemoval #TrustManagement #FiduciaryDuties #TrusteeResponsibilities #LegalUpdate #TrustLaw #EstatePlanning #LegalPrecedents
Event Details
Date
29 August 2024
Time
10:00 SA Time
Location
Zoom
CPD Points
1
Price
R330.00 incl VAT
Meet the Presenters
Catherine Fourie
HEAD OF CPD CONSORTIUM
Catherine is a Chartered Accountant (CA(SA)) and tax practitioner who completed her articles at Deloitte in 2003. After three secondments to the United States of America and Canada, she rejoined Deloitte as audit manager for four years, whereafter she has been a lecturer on the BCom Accounting programme with the Nelson Mandela University for 15 years until early 2024. Her main subjects were Taxation, Auditing and Ethics and Corporate Governance, as well as lecturing on the MCom (Taxation) program. She has a deep passion for teaching to which she has dedicated most of her professional career, especially fundamental principles. She implemented innovative learning and teaching practices, both online and hybrid/flexible; always ensuring impactful learning. As a member of the SAICA Digital Acumen Working Group she has always been passionate about innovation and resilience, which are both essential for the sustainability and growth of the modern professional. With the many students which have been through her lectures, she is excited to now bring digital innovation to the upskilling of professionals who work in the ever-changing landscape of tax and accounting. Her approach and style is one of ensuring a sound technical base, from where she quickly makes tax and accounting highly practical and relevant; delivering immediate value for anyone attending her training sessions.
Micaela Paschini
Tax Attorney AT TAX CONSULTING SOUTH AFRICA
Micaela is a skilled attorney specializing in tax law, and a member of the legal team at Tax Consulting SA. She holds an LLB Degree from the University of Pretoria, is an admitted attorney and has 4 years of experience in various fields of law, including estate planning and trust administration. In her role at Tax Consulting SA, Micaela focuses on complex tax matters, ensuring optimal tax efficiency and compliance. She is dedicated to providing tailored solutions that meet her clients’ unique needs and objectives, navigating them through the intricate landscape of tax law with precision and care.