Course in Deceased Estates Practice (76252)
Course in Deceased Estates Practice (76252)
Please note that this programme or course is administered through the Law Society of South Africa. All students interested in doing this course should please contact the Law Society of SA directly for their applications to be processed from their end, please follow this link https://www.lssalead.org.za/ to contact the Law Society
Duration: 12 months
Language medium: English
Target group:
Anyone wanting to practice in deceased estates. This includes attorneys, legal advisors, government officials and private sector employees working in the field of administration of estates, paralegals, and staff in law firms with sufficient practical experience.
Admission requirements:
B-Degree or an equivalent NQF qualification or substantial relevant practical experience in a legal or related environment
Registration periods:
Closing date for registration: 02 February
Please note that this programme or course is administered through the Law Society of South Africa. All students interested in doing this course should please contact the Law Society of SA directly for their applications to be processed from their end, please follow this link https://www.lssalead.org.za/ to contact the Law Society.
Course leader details:
Mr. P Matsemela BJuris LLB LLM
Discipline expertise: Deceased Estates
Centre for Business Law
Programme administrator:
Admin Officer
Unisa Centre for Lifelong Learning
360 Lillian Ngoyi Street, Pretoria Central
Solomon Mahlangu Building 2nd floor
Tel: 012 352 4288
Email address: UCL@unisa.ac.za
Application Link: www.unisa.ac.za/applyslp
Purpose statement:
To equip students with the legal and practical knowledge and skills necessary for drawing up wills, establishing trusts and administrating deceased estates.
Modules:
WTRE01B - Wills, Trusts and Reporting the Estate
Syllabus/Content:
The outcomes are the following:
Testamentary formalities
Interpretation of wills
Revocation of wills
Capacity to make a will
Capacity to benefit under a will
Content of wills, substitution, the trust, formation of the trust
Intestate Succession
The Trust
Formation of a trust
Revocation of a trust
Formalities of registering a trust
Reporting the estate
The executor and his/her duties
WTRE02C - Liquidation and Distribution
Syllabus/Content:
The outcomes are the following:
Outcome 1
Drafting of Liquidation and Distribution Account (L & D Account)
Drafting the Heading of the Liquidation and Distribution Account
Drafting of the Liquidation Account
Drafting of Recapitulation Statement
Drafting of Distribution Account
Drafting of Income and Expenditure Account
Drafting of Fiduciary Account
Drafting of the Estate Duty Addendum
Drafting of the Executors Certificate
Outcome 2
Students are competent if evidence shows that they are able to:
Identify property and deemed property in a deceased estate;
Determine the value to be used for estate duty purposes of all property and deemed property in a deceased estate, including limited interests;
Identify the various deductions and rebates allowed for estate duty purposes and apply it according to current legislation; Calculate and apportion the estate duty liability of a deceased estate;
Calculate the aggregate capital gain/loss for a deceased estate in the following situation:
Transfer of assets from the deceased to the deceased estate
Transfer of assets by the executor to beneficiaries
Sale of assets to third parties by the executor
Having mastered this module, you should have developed a clear knowledge and understanding of administering the estate of the deceased and the skills to apply your theoretical knowledge to practice in the context of problem situations in your day-to-day work environment. You will be required to demonstrate that you can interpret the Administration of Estates Act 66 of 1965 and the Regulations to the Act.