Join Walter Geach for a detailed discussion on the use of trusts in practice. At this half-day seminar, he will highlight legal requirements, the duties of trustees, the rights of beneficiaries, amendment of trust deeds and contracting by and with a trust. Walter will examine a trust deed, highlighting advantages and disadvantages, and choice of clauses. By attending you will gain a practical and incisive view of the advantages, disadvantages and problems associated with the use of a trust.

Who should attend?

• Financial planners
• Attorneys
• Accountants
• People who have an interest in a trust

Programme

08h00 Registration
09h00 First Session
10h30 Tea
11h00 Second Session 
13h00 Close

• Trusts: the nature and use of trusts
• Trusts compared with other legal forms and entities
• Types of trust
• Requirements for the formation of a valid trust
• Parties to a trust and the nature of a trust instrument:
• The planner
• The settlor or founder or donor
• The trustees
• The beneficiaries
• The Master
• Accounting: trust books, records and financial statements
• Contracting with a trust
• Contracting by a trust
• Borrowing by a trust
• Trading and business trusts
• Amendment of trust deeds
• Representation of a trust in legal matters
• Trusts as members of companies and of close corporations
• Uses of trusts: advantages
• Uses of trusts: disadvantages
• Taxation and trusts

Professor Walter Geach BA LLB (Cape Town) CTA (Cape Town) M COM CA (SA).
Walter Geach is a Chartered Accountant CA (SA) and also an Advocate of the High Court of South Africa. He is currently a Senior Professor and a Fellow of the University at the Graduate School of Business at the University of KwaZulu-Natal. He is a non-executive director of Grindrod Limited.

He specialises in commercial law, financial accounting, financial planning and taxation and he presents seminars throughout South Africa on these topics. Professor Geach has published a number of books, and his books are published by Juta and Company, Cape Town, LexisNexis and Oxford University Press. His published books include the following:

1. Guide to the Close Corporations Act  
2. Handbook for Executors, Trustees and Curators 
3. Guide to the Companies Act   
4. Capital Gains Tax in South Africa: the essential guide  
5. The financial advisors development series  (co-author)
6. South African Corporate Business administration (co-author)
7. The South African Financial Planning Handbook (co-author)
8. Trusts: law and practice
9. Companies and other corporate structures in South African law (co-author)

Dates and venues
17 February 2010 Durban, Elangeni Hotel (031-362 1300)
18 February 2010 Johannesburg , Birchwood Conference Centre (011-897 0000)
19 February 2010 Cape Town, Vineyard Hotel (021-657 4590)

The Fee (VAT Inclusive)
One delegate – R1900.00
Two or more delegates – R1710.00