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Hot Issues for Succession Planning

Published on 15 Aug 2008 | Took place at RACV Club, Melbourne, VIC

This event was aimed at accountants, financial planners and lawyers serious about developing a long term relationship with their clients.

Your clients are starting to demand quality estate and business succession planning advice. If you don't help your clients, one of your competitors will. This seminar provided advisers with an excellent opportunity to further refine their skills and learn about cutting edge strategies and developments in this area. The significant taxation and asset protection consequences mean that maintaining knowledge in this area is crucial. An expert panel coverered the planning opportunities for both individuals and businesses. Important issues such as the use of testamentary trusts, structuring superannuation death benefits, dealing with family trusts and buy/sell agreements was examined.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Overview of estate planning

Author(s):  Barry FRY

This paper covers:

  • power of attorney and guardianship
  • dying without a will
  • choosing the right attorney, executor and trustee
  • charges - how much is reasonable and what does the client get?
  • when can a will be contested?
Materials from this session:

Succession planning: Some taxation issues to consider

Author(s):  Andrew O'BRYAN

This paper covers:

  • getting in shape: matching needs
  • accessing CGT concessions
  • avoiding the poisoned chalice
  • delivering the holy grail
  • the main residence exemption explained
  • life interest estates.
Materials from this session:

Succession planning: Charitable gifts

Author(s):  Chris BEENY

This paper covers:

  • options for charitable giving by will
  • tax consequences of charitable gifts
  • alternative strategies
  • prescribed private funds.
Materials from this session:

Testamentary trusts

Author(s):  Bernie O'SULLIVAN

This paper covers:

  • communicating with your client
  • taxation advantage of testamentary trusts
  • asset protection advantages of testamentary trusts
  • structuring alternatives
  • trustee powers.
Materials from this session:

Succession planning: Superannuation and death

Author(s):  Kim COWIE

This paper covers:

  • how are death benefits taxed?
  • pension or lump sum?
  • binding vs non-binding nominations
  • superannuation disputes
  • pre-death strategies.
Materials from this session:

Key issues in business succession planning

Author(s):  Craig HOLLAND

This paper covers:

  • getting the right advice
  • employee issues
  • ATO business exit focus
  • structuring issues.
Materials from this session:

Passing control of family trusts

Author(s):  Graeme HALPERIN

This paper covers:

  • who really controls family trusts?
  • what are the options for succession?
  • do letters of wishes work?
  • does the adviser have a role?
  • considerations where the trust owns a business.
Materials from this session:

Succession planning: Demystifying buy sell agreements

Author(s):  Paul HOCKRIDGE

This paper covers:

  • what are buy sell agreements and when are they needed?
  • which model to use
  • the triggering events
  • CGT issues
  • how to make the project quick and simple
  • traps to avoid.
Materials from this session: