Tax Aspects of Estate Planning: One Day 10 Point Masterclass Online

This masterclass has been designed to enable most lawyers to earn their 10 CPD units for the CPD year ending 31.3.25.

Delegates will attend 6 substantive law sessions live online at the Masterclass and we’ll supply 4 free on-demand video webinars – 3 covering each of the compulsory subjects plus 1 other - to view at your leisure by 31.3.25.  Earn your 10 CPD units for this CPD year.

The Program

• Session 1: Dealing With the Bank of Mum and Dad Pre and Post Death - With high cost of living pressures and housing prices are proving challenging, early inheritances are a way for parents to pass on their assets to the next generation and see the benefits of the gift in their own lifetime. So, from a tax perspective, what difference does it make whether assets are realised pre or post a parent’s death?
   
• Session 2:  When the Deceased’s Liabilities Include a Division 7A Loan - Managing Division 7A loans during a person’s lifetime is tricky enough. So, spare a though for the executor that is faced with the challenge of dealing with Division 7A loans left behind by the deceased.
   
• Session 3:  Deceased Estates: How Exempt is the Main Residence Exemption? - During a person’s lifetime, their main residence is exempt from CGT if certain conditions are satisfied. However, once the residence becomes an “inherited main residence”, the conditions for the exemption can have added complexities.

• Session 4:  Existing Inter Vivos Trusts and the Estate Planning Glitches - One way of looking at it is that an existing trust will continue to exist on the death of a trustee intrinsically involved in the trust’s operations. However, does this way of thinking assist with ensuring the trust continues on in the most tax effective manner? This session looks at some of the proactive actions that can be addressed in the estate plan, to assist with ensuring tax headaches are kept to a minimum when a change of trustee representation on death occurs.
   
• Session 5:  Deceased Estates and the CGT Trigger Points - An important part of administering a deceased estate is being aware of the trigger points that cause a CGT event to occur. Some of these events may not be common knowledge and if they unwittingly go unnoticed, can result in tax headaches and executor liability issues down the track. This session reviews some of the CGT events that may occur when administering a deceased estate.
   
• Session 6: Dealing With the ATO on the Death of a Taxpayer - When the person whose tax affairs you have been administering is no longer around to assist, complications can quickly set in. This session explores the issues that can arise when dealing with the ATO to finalise a deceased’s tax obligations.

In addition, all delegates will receive the following on demand video webinars.  These webinars are being recorded in February & early March and will be provided online for you to view at your leisure by 31.3.25.

1. Professional Skills - Nothing Ever Goes to Plan: The Reality of Judicial Advice Applications
2. Practice Management & Business Skills - Navigating the Storm: Handling Difficult Clients (and Non-clients) in Your Practice
3. Ethics - Learning from the Mistakes of Others: A Lesson in Ethics for Busy Practitioners
4. Mis-Deeds, Irregularity and Deficiencies: The Estate Planner’s Nightmare (substantive law)