Estate Planning CPD Intensive

This CPD Intensives comprises 3 live webinars run over a half day. To purchase these webinars individually the cost would be $858.  If you buy them as part of this special offer the cost is just $495.

Hear from some of Australia’s leading estate planning experts on these important issues.

Webinar 1: Family Empire Case Study: Estate Planning and Tax Strategies for Multi-Generational Wealth

Grandpa and grandma have led a frugal life, along the way raising four now adult children that also have children of their own, whilst accumulating an impressive amount of wealth in their various entities. They have come to you for advice on the tax implications of planning to pass on their wealth to the next generation and beyond. This session is designed to provide the various estate planning options available and the issues to consider, as well as the resulting tax implications of the various options, including:

• The progressive passing of control issues to plan for one grandparent dying before the other
• Strategies for a continuation of the trust so that the grandchildren can benefit as well as the children, including the tax issues to consider if:
  • amending the deed is required
  • the vesting date needs to be extended
  • the grandparents consider the family dynamics may benefit from a trust split
• Whether there are any pre-death restructures or rollovers that may assist with the estate planning process (Division 149 ITAA 1997)
• Grandpa and grandma would like the family home to remain a benefit for generations to come
• A checklist of the tax effective options that can be considered for each entity and asset category
   

Webinar 2: Tweaking the Deed or Triggering Tax: Amending Trusts in the Estate Plan

Whilst an estate plan often involves the implementing of trusts as part of the will, it may be that there is already an existing trust in place that just needs a modification to the deed to increase its usefulness as part of the plan. However, can a tweak of the deed here and there result in unintended tax consequences? This session explores some common deed variations undertaken when estate planning and delves into whether unintended tax consequences can result, including:

• When you can amend the deed, when you can't, and what to do if you hit a roadblock
• Distinguishing between “effective” and “ineffective” deed amendments and the tax consequences for both
• Common reasons a trust deed may require amending as part of an estate plan and the issues to consider, including:
  • how older deeds may not have kept pace with federal, state and territory tax and duty changes
  • adding additional beneficiaries
  • restricting potential capital beneficiaries to “bloodline” descendants
  • modifying the trust to cater for the “blended family”
•  When the estate plan considers:
  • changing the vesting date (TR 2018/6)
  • splitting the trust for future generation autonomy (TD 2019/14)
• When the non-resident beneficiary inclusion in a deed is causing state and territory land tax issues
• Tackling the issue of lost trust deeds
• When the ATO consider a resettlement of a trust has occurred and the tax consequences if it has (TD 2012/21)
• How stamp duty can rear its head as a result of a trust deed amendment
   

Webinar 3: Till Death Do Us Part: Mastering Mutual Wills for Blended Families and Asset Protection

Mutual wills promise certainty in estate planning for couples wanting to protect both their partner and children from previous relationships, but they come with risks. In this session, we will analyse the distinctions between mutual and mirror wills and the legal requirements for enforceability, including:

• The legal distinction between binding mutual wills and reciprocal mirror wills
• Drafting tips for clear evidence, intentional language, and irrevocable agreements
• Identifying when mutual wills work best versus when they create unsuitable rigidity
• Flexible mutual will structures
• Protecting specific assets for bloodline preservation while allowing flexibility for future windfalls and acquisitions
• Coordinating mutual wills with joint tenancy modifications and ownership agreements to achieve testamentary objectives
• Managing changing circumstances through regular reviews, separation protocols, and when mutual agreements should be dissolved