Hear from the experts at this online lunchtime conference. You can watch it on your computer or on your portable electronic device from anywhere.
About the Recorded Online Conference
Hear from the experts at this online conference. You can watch it on your computer or on your portable electronic device from anywhere.
The conference will be based on our highly successful video webinar technology: there'll be a chairperson and presentations.
One registration can be shared by colleagues within the same firm utilising the same login.
Session 1: A Matter of Trust: Impact of Trusts on the Estate Plan
Family trusts and testamentary trusts are a popular vehicle for asset protection and prudent financial management amongst family members. However, as a result of recent legislative changes, along with new case law, the landscape is shifting and it may be time for clients’ estate plans to receive a grease and oil change. This session examines these key changes and how they may impact the estate plan, including:
- Unpacking the recent excepted trust income reforms
- How do these reforms limit tax concessions for minors receiving trust income?
- Are super assets considered to be outside of the deceased’s estate?
- When will a trust deed need variation? Identifying reasons for change
- Reviewing key clauses – vesting date, death or incapacity of appointors and guardians, beneficiaries and variation
- What happens on the vesting date?
- Is the door now open to South Australian trusts? Examining impact of Clark v Ebden  SASC
- Case update, including Callus v KB Investments  VSC 135
The client has assets or potential beneficiaries in multiple jurisdictions and you are asked to advise on an estate plan. Where do you start? This session looks at the practical response to this question. It includes:
- Impact of dual nationality on the estate plan
- Establishing domicile
- Jurisdictional issues: which route to follow to achieve the greatest benefit
- Use of foreign wills and international wills
- Managing multiple wills and avoiding conflicts between them
- Foreign tax considerations in estate planning
- Impact of foreign resident beneficiaries in testamentary trusts
- Case studies
The estate plan is in place and one more piece of the puzzle is required - a shareholder agreement. This session looks at these with a practical focus. It includes:
- Shareholder agreements and estate planning – an overview
- Nature of shareholder agreements and difference from buy-sell agreements
- Adapting agreement for other business vehicles
- Key inclusions in shareholder agreements:
- Board appointment
- Employing family members
- Shareholder powers
- Dispute resolution
- Allotment and transfer of shares
- Structuring the shareholders agreement to meet estate planning goals
- Shareholder agreement’s role in tax effectiveness
- Case study – when the estate plan is at odds with the shareholders agreement
David Foulds, Client Director, Pitcher Partners, Melbourne (Chair) Matthew Burgess, Director, View Legal, Qld Bryan Mitchell, Principal, Accredited Specialist Succession Law, Mitchells Solicitors Business Advisors, Qld Daniel Smedley, Principal, Sladen Legal, Vic
Lawyers can claim up to 2.5 CPD units/points (substantive law) and accountants can claim 2.5 CPD/training hours. WA Lawyers – From April 1st 2021, due to the new requirements we are unable to verify your completion of recorded online conferences to the Legal Practice Board of WA.
If you need assistance or have an enquiry, please do not hesitate to contact our Event Coordinator, Hayley Williams&mdash;Cameron on (03) 8601 7730 or email: [email protected]