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 Recorded Webinar: All in the Family: A Guide to Drafting a Family Constitution

Date: Monday 18 July 2022
Duration: Approximately 1 Hour

 ABOUT THE WEBINAR
The longevity and success of intergenerational family businesses lies not only in commercial acumen but also in shared goals and relationship management.  This session will examine the increasing use of family constitutions to provide a framework for planning and managing family businesses through the generations, including:

  • The advantages and disadvantages of having a family constitution
  • In what circumstances will a family constitution be beneficial?
  • Is a family constitution enforceable?
  • When is the optimum time for entering into a family constitution?
  • Key components of a family constitution, including:
  • objectives and future plans for the business and ongoing reviews
  • asset identification, division and sharing
  • establishment of a family governance structure for decision-making and membership
  • compensation/equity/remuneration and other benefits and policies for family members, whether or not working in the business
  • supporting or expanding into new ventures including younger generation entrepreneurs
  • confidentiality and information disclosure arrangements
  • expectations for family member involvement and succession planning
  • guiding principles for selling, re-investing and buying out family members
  • procedures for reviewing and amending the constitution and family arrangements.
  • Drafting tips for managing change, unexpected events and family relationship breakdowns and disputes
 PRESENTER
Recorded Webinars,Legal CPD Compulsory Subject/s,Recorded Webinar: All in the Family: A Guide to Drafting a Family Constitution

Scott Whitla, Partner, McCullough Robertson, Brisbane

As an accredited specialist in succession law, Scott specialises in all aspects of succession planning, estate administration and estate and trust litigation.  He manages the firm’s Equity and Private Client team, having been made a Partner in 2009. His clients include high-net worth individuals, accountants, financial advisers and other legal firms and their clients.

Scott assists clients to find effective succession planning solutions which protect and preserve assets for the intended beneficiaries, while also minimising the taxation and stamp duty implications which might otherwise arise.  He is a leading lawyer in the area of preparing, interpreting and contesting wills, administering deceased estates and applications to the Queensland Civil and Administrative Tribunal.

Scott also assists clients with estate administration and estate litigation.  In addition to his substantial experience in these areas, Scott is also an expert on guardianship and administration issues, including matters involving questions of capacity, and the validity of transactions and decisions made under enduring powers of attorney.

Scott is a regular speaker for the Queensland Law Society, Television Education Network and the Taxation Institute of Australia.  He is also a qualified mediator.
 WHO SHOULD ATTEND?

This webinar is suitable for succession lawyers – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

 CPD 

Lawyers can claim up to 1 CPD unit/point – substantive law or 1 CPD unit/point – professional skills.  This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion. 

WA lawyers – From 1/4/2021, due to changes to your CPD requirements we are unable to verify your completion of recorded webinars to the Legal Practice Board of WA.

 ENQUIRIES/ASSISTANCE
If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: lisa@tved.net.au



© Television Education Network Pty Ltd 2022

Product Code: WBIJUL22
 Price:  $269.50 (Inclusive of GST)
© 2022 Television Education Network Pty Ltd. All rights reserved. The program for this webinar is copyright and may not be reproduced in any form without the prior written consent of the copyright owner.