Live Webinar: Structuring the Estate to Protect Vulnerable Beneficiaries

People come in all shapes and sizes and each with varying needs. For an estate planner, understanding the options available to protect vulnerable beneficiaries is central to providing a valuable estate planning service focused to the needs of your individual clients. There are many specific types of vulnerabilities family members may face and a range of additional supports they may require for their lifetime once the testator has passed. To assist estate planners consider which vehicle may be suitable for specific clients, this session examines:

• The common vulnerabilities and types of disability that require special consideration (e.g. physical, intellectual/developmental disability, substance abuse, harmful behavioural addictions, poor financial management etc) and the types of support which may be needed
• The options available to provide for each type of need and the circumstances in which an option may be appropriate, including special disability trusts
• Practical issues which need to be addressed as part of planning, including ability to move assets exempt of duty and CGT, preserving entitlements to NDIS and social security benefits, identifying and quantifying future financial needs and appropriate control mechanisms etc) and how best to develop and communicate plans with relevant family members
• The extent to which a testator can validly exert control over beneficiary behaviour and/or use of funds after death in light of recent cases including Mead & Lemon