Tax Aspects of Estate Planning Masterclass - e-book

Theme: Tax Efficient Strategies in the Estate Plan

• Estate Planning So That Getting the Same Doesn’t Mean Getting Less - as certain assets have their own unique tax treatment and as certain individuals can have their own unique tax situations, the after tax amount of an inheritance can differ markedly between beneficiaries. This session explores why this is so and what may be considered to increase the after tax legacies from a deceased estate.
   
• Super Strategies for the Estate Plan – Pre and Post Death - whilst death duties in Australia are a thing of the past, the taxing of superannuation death benefits is a topic gathering momentum to becoming very much front and centre in the minds of fund members and their advisors. This session explores the tax impact associated on the death of a fund member.
   
• When the Assets of a Testamentary Trust Eventually Become the Assets of the Beneficiaries - the lifespan of a testamentary trust will be reliant upon the terms of the deed. Some of those terms state that the trust is to exist for a number of generations, or until beneficiaries reach a certain age, or until a variety of other requirements are met. This session looks into the tax aspects of a TT that has assets remaining when it reaches the end of its life.

Theme: Distributions and Loans Impacting the Estate Plan

• Division 7A, Section 100A and Other Inter Entity Loan Issues Impacting the Estate Plan - a balance sheet review of loans between associated entities is a necessary, yet sometimes overlooked, procedure in developing an estate plan. Unravelling these loans after the death of an affected party without proper forethought can be messy and result in unintended consequences. This session explores the issues and strategies available when such loans are identified.
   
• How Family Trust Elections Impact the Estate Plan - family trust elections are often made, amongst other reasons, to achieve a tax effective outcome for claiming carried forward losses or ensuring beneficiaries can access franking credit entitlements. However, it is also important to ensure the making of an FTE aligns with the longer term estate planning objectives of the controlling individuals. This session explores the issues.
   
• Don’t Leave Me Out: Trustee Distributions and Discretion -the financial year end is drawing to a close, marginal tax rates of potential beneficiaries have been considered and the trustee determines the income distribution allocation for the trust. If this is the annual procedure being followed for distributing trust income, recent developments arising from disgruntled beneficiaries may cause you to have a rethink. This session looks into how trustee discretion is being challenged.