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Published on 08 Aug 2012
| Took place at Sofitel Sydney Wentworth
The ageing population continues to fuel client demand for good practical advice in the area of estate and business succession planning.
Our presenters this year discussed some of the most topical and important areas of estate and business succession planning including superannuation and estate planning, the use of testamentary trusts in estate planning, how to structure a business succession plan, multi-jurisdictional issues and estate planning and life estates.
The focus, as always, was on practical issues, recent developments, and most importantly, new cutting edge strategies and planning opportunities for clients.
The seminar offered practitioners a fantastic opportunity to sharpen their skills and navigate the complex minefield of estate and business succession planning.
Topics covered included:
Superannuation and Estate Planning
Binding Death Benefit Nominations and Reversionary Pensions in Estate Planning
Use of Testamentary Trusts in Estate Planning
How to Structure a Business Succession Plan
Multi Jurisdictions and Estate Planning
Get a 20% discount when you buy all the items from this event.
When should clients use their super funds as estate planning vehicles? How can they use their super funds are estate planning vehicles? How do binding death benefit nominations fit in and what is the role of reversionary pensions. And who controls the estate planning vehicle?
This presentation examines various options and gives practical guidance as to how you can help your clients make decisions that lead to safe, tax effective succession for their superannuation. It covers:
ways and means of estate planning within a super fund
limits to estate planning within super funds
third party challenges to estate planning within super funds
super funds v testamentary trusts as estate vehicles.
Testamentary trusts present a unique opportunity for a will maker to rule from the grave and/or to provide a tax effective investment vehicle to store and grow family wealth. Structured correctly a testamentary trust can provide benefits to beneficiaries many years into the future after the will maker’s death.
This paper covers:
what is a Testamentary Trust?
advantages of Testamentary
taxation issues surrounding Testamentary Trusts - current and perennial
aspects in relation to the structuring of Testamentary Trusts.
How to structure a business succession plan Parts 1 and 2
Annually there are hundreds if not thousands of business succession disputes; Courts across Australasia face claims and counterclaims, business owner friendships and family ties are torn asunder and millions are paid in legal fees. Mixing business and commercial concepts with tax planning, Peter Bobbin leads you through the How-to of modern succession planning, including:
tips for separation planning before they start
structures that get in the way
how to cajole the 90% that don’t want to do it
dissecting the succession plan key components
additional Family Succession issues
structuring the Buy/Sell plan
key tax issues that must not be missed
Stamp duty and GST management
traditional methods miss great tax concessions
triggering the tax liability, counter-intuitive but right
This paper examines some of the issues to be considered by an estate planner when considering the use of life estates and whether this approach still has a role in the modern will. The paper considers some of the general issues relating to testamentary trusts:
nature of life interests and reversions
capital gains tax and life estates
practical application of taxation ruling TR 2006/14
advantages of the testamentary trust with life and reversionary interests
aset protection and testamentary trusts
the master trust concept role of family agreements in the estate plan.
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