Live Webinar: 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