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Succession Planning Issues paper

Published on 31 Jul 06 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

Topics covered in this seminar paper include:

  • The role of the accountant/adviser in succession planning
  • When to use/recommend a testamentary trust
  • The advantages and disadvantages of testamentary trusts
  • Can you still use a testamentary trust if the will does not provide for it? 
  • What are the tax considerations - family trust elections, franking credits entitilements
  • Problems with life estates - "crystal ball gazing" and tax issues
  • Control of discretionary trusts "from the grave"
  • Avoiding challenges after death
  • Balancing benefits and risks 

Author profile:

Bill LAST
Bill leads the Estate Planning Section of the Business Services Group at O’Loughlins and is a member of the Tax Institute and the Law Society of South Australia. He has extensive experience in all aspects of succession and estate planning, including Wills, Powers of Attorney and Enduring Guardianship. Bill specialises in estate planning advice for high net-worth individuals and he has helped many clients to implement comprehensive, tax-effective succession plans.
Current at 31 June 2006
Click here to expand/collapse more articles by Bill LAST.
 
Individual sessions

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