Published on 08 Feb 2013
| Took place at Hyatt Regency, Perth, WA
As a result of Australia’s aging population, the market for good estate and succession planning advice has grown considerably in recent years and this growth is expected to continue in the years ahead. This seminar provided practitioners with an excellent opportunity to further refine their skills and learn about the current issues and recent developments in this area.
Important issues covered included:
strategies to enhance benefits available from superannuation from an estate planning
issues associated with acting as an Executor for clients
the impact of family law on succession planning
potential inheritance tax issues
challenges to wills
Get a 20% discount when you buy all the items from this event.
In the Mid-Year Economic and Fiscal Outlook in November 2012 a significant change was announced by the Treasurer with respect to pensions and tax in superannuation. This was in response to substantial lobbying by the industry to clarify certain areas of TR 2011/D3 and provide certainty to superannuation fund members. This is a welcome announcement from the Government, however further areas are yet to be confirmed that are important from an estate planning perspective within superannuation and need to be considered in detail.
This paper outlines the following:
what the MYEFO announcement actually means for your clients
the actuarial requirements within a fund upon the passing of a member
the interaction of the pension exemption and the treatment of taxation components in superannuation
strategies available to enhance benefits from an estate planning perspective.
This paper addresses the grounds on which a will may be challenged, including:
validity issues (such as lack of testamentary capacity, undue influence, informality of the testamentary instrument)
inheritance disputes (that is, claims under the Inheritance (Family and Dependants Provision) Act 1972 (WA) for proper and adequate provision from the estate of a deceased person).
Sally Bruce gives examples of common situations in which a will is challenged and provide some practical guidance about minimising the risk of a challenge. She also talks about the impending changes to the inheritance legislation which will, among other things, give a stepchild standing to sue the estate of a step-parent in certain circumstances.