Testamentary Trusts: An Accountants Guide – 2 recorded video webinar programs

You probably prepare tax returns for testamentary trusts on a regular basis and you probably are involved in discussions where their use is recommended.  You also know their value as asset protection vehicles.  But do you really understand what they are and how they work?

Victorian solicitor, Greg Russo, from Featherbys, is (unusually for a lawyer) a lover of mathematics so he gets the tax side.  As an estate planning lawyer, he also understands the legal implications of testamentary trusts, how they are framed and how they are used.

Greg has just completed a two one hour recorded webinars on this important subject.  In them, he explains what testamentary trusts are, how they work, how they are established and the purposes for which they are used.

These two recorded webinars form an ideal guide for practitioners seeking a better understanding of one of the most commonly used forms of asset protection.


Testamentary Trusts Part One: Structuring for Maximum Impact

Testamentary trusts provide testators with the rare opportunity to protect family wealth and pass on assets in a tax-advantaged manner. However, not all testamentary trusts are prepared equal. This practical session examines the key structural issues with testamentary trusts to maximise their effectiveness as an asset protection tool. It covers:

  • Why use a testamentary trust - key benefits and uses

  • Getting the essentials right:

    • beneficiaries

    • appointors

    • trustees

  • One or multiple testamentary trusts?

  • Testamentary trusts and changes under 2018 budget:

    • concessional tax rates available to minors limitations

    • when will adult marginal tax rates apply?

    • are superannuation assets outside deceased’s estate

    • setting up a Superannuation Proceeds Testamentary Trust

  • Getting the income clause right

  • Income streaming with testamentary discretionary trusts

  • Vesting issues

Testamentary Trusts Part Two: Protecting Family Members from Themselves

A key benefit of testamentary trusts is their ability to protect family members from themselves. Family “black sheep” can come in many shapes and forms: financial irresponsibility, insolvency risks, and addictions - such as drugs, alcohol or gambling. Protection of family wealth is key in these situations and, if done right, testamentary trusts can be the ideal way of shielding the assets. This presentation will show you how, including:

  • Types of protective trusts

  • What’s required for beneficiaries with:

    • an addiction

    • financial irresponsibility

    • warring siblings

    • blended families

  • Key issues in structuring and drafting when dealing with difficult situations

  • Testamentary trusts and family law - trusts and property of the parties versus financial resource

  • Testamentary trusts and managing bankruptcy and litigation risk

Webinar Series,Estate planning and Wills,Testamentary Trusts: An Accountants Guide – 2 recorded video webinar programs

Greg Russo, Partner, Featherbys Lawyers, Melbourne

Greg Russo is a partner at Featherbys Barristers and Solicitors.

He is a LIV Wills and Estates Accredited Specialist, a Member of the LIV Specialist Accreditation Education Advisory Committee and the LIV Wills and Estates Advisory Committee.

In the last few years he has organised, chaired, moderated and presented at a number of LIV events, mainly in the area of Wills and Estates. 

This video webinar miniseries includes the following components:

  • Online access to the 2 one hour video webinar programs

  • The 2 programs were recorded in February and are now available to subscribers online.

  • Online access to the technical support papers and/or powerpoint presentations accompanying each program

If you need assistance or have an enquiry, please do not hesitate to contact our Customer Service Officer, Natasha De Paola on (03) 8601 7721 or email: natasha@tved.net.au

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Product Code: STESTA20
 Price:  $495.00 (Inclusive of GST)