Deceased Estates How To Draft An L&D Account

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Free Download Deceased Estates How To Draft An L&D Account
Published 11/2024
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.70 GB | Duration: 3h 1m
Understand the law and how transactions is to be treated in the L&D Account

What you'll learn
Surviving spouse's inheritance
Administration costs
Transfer duty
A dependent claims that they have not been properly provided for under the Will
Sale of property or personal assets
Someone refuses to turn over an asset belonging to the estate - costs involved
Deceased had other children nobody knew about - how to adjust L&D Account
Personal loan accounts owed to companies/ business from deceased borrowed from business then payable back on death
Outstanding tax returns and TAX owed
Requirements
No prerequistes required
Description
Understanding the legal aspects and considerations of Deceased Estates is one thing but drafting the actual L&D Account is quite another.Of course, it is important to understand the law and how certain specific transactions is to be treated in the L&D Account, however, completing an L&D Account from start to finish, without hesitation and uncertainty, is what every Executor aims for. Knowing that every single aspect of that account has been carefully considered and correctly recorded is part of the successful winding up of a deceased estate in the shortest period of time.Join us for this very insightful course, during which the following transactions will be demonstrated on the L&D Account as a base for the demonstration.Topics Discussed:Surviving spouse's inheritance (section 4q)Section 4APolicies paid directly to third partiesAdministration costsOther exemptionsTransfer dutyAny SARS tax is an administration cost in the estateA dependent claims that they have not been properly provided for under the WillSale of property or personal assetsCreditorsSomeone refuses to turn over an asset belonging to the estate - costs involvedJoint ownership of assetsDeceased had other children nobody knew about - how to adjust L&D AccountUnder estimation of Estate DutyPersonal loan accounts owed to companies/ business from deceased borrowed from business then payable back on deathCash shortfallPossible capital gains taxOutstanding tax returns and TAX owedDivorce ordersThis is a practical and interactive live demonstration.The presenter is going to demonstrate how the above elements are to be recorded in the L&D Account and how estate duty will be applied.
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: Deceased Estates: How to Draft an L&D Account
Lecture 2 Part 1
Lecture 3 Part 2
Lecture 4 Part 3
Lecture 5 Part 4
Lecture 6 Part 5
Lecture 7 Part 6
Estate Administrators,Estate Agents,Business Professionals,Business Owners
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