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Estate Planning - Key Planning Problems and Practical Solutions

Published on 16 Feb 2010 | Took place at Peppers Seaport Hotel, Launceston , TAS

Many of your clients have their wealth invested in superannuation funds and family trusts. These clients need a workable succession strategy in the event of their death. Where clients have tangled personal lives, added complexities arise.

This event identified some of the key planning problems facing your clients and refined your skills to enable you to discuss and help implement practical solutions. It was ideal for advisers whose clients have significant superannuation savings, operate a family trust or are involved in a second marriage or have children from another relationship.

The following topics were covered:

  • how are death benefits taxed?
  • pension or lump sum?
  • commutations and reversionary pensions.
  • binding vs. non binding nominations.
  • pre-death strategies
  • Who really controls family trusts?
  • what are the options for effective transfer of control?
  • do letters of wishes work?
  • what are promises of trust control, income or assets really worth?
  • does the advisor have a role?
  • considerations where the trust owns a business.
  • life interests, life tenancies and other strategies
  • are mutual wills an option?
  • who should be trustee and what powers should they have?
  • what problems are arising in current court actions?

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

Individual sessions

Superannuation and death

Author(s):  Thalia KALABOUKAS This paper covers:

  • death benefits
  • taxation of death benefits
  • pre-death strategies.
Materials from this session:

Practical estate planning issues for blended families

Author(s):  Bernie O'SULLIVAN This paper covers:

  • what is a blended family?
  • relevant legislation
  • effect on wills in Tasmania where a person marries or divorces or registers or revokes a deed of relationship
  • strategies for dealing with blended families
  • life interest trust
  • are mutual wills and option?
  • appointing and directing trustees.
Materials from this session: