Tax and the Estate Planning Toolbox – a recorded lunchtime online conference

ration: Approximately 2.5 Hours

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.

THE PROGRAM

Session 1: Testamentary Trusts: The Good, the Bad and the Ugly

Testamentary trusts provide a greater level of control over the management and distribution of assets to beneficiaries, but also bring with them complexity, inflexibility and ongoing cost. This session will look at the requirements of these trusts and the key considerations for determining their relevance to your client, including:

• When to recommend a testamentary trust to a client and why
• Types of testamentary trust and relevant circumstances for each
• Multiple and umbrella trust structures – protecting the next generations and vesting issues
• Trust creation – powers, restrictions, conditions, asset allocation and other essentials
• Recent integrity measures for concessional tax arrangements – what they mean for your client

Session 2: Dealing with Loan Accounts and Unpaid Present Entitlements in the Estate Plan

• Finding the credit and debit loans and UPEs in the family structure
• Dealing with loans –
  • Forgiving them before death – CDF rules, Div 7A and other tax risks
  • Forgiving loans at death
  • Assigning the loans to third parties for less than market value
  • Asset protection implications of dealing with loans
  • Traps in dealing with loans from trusts
• Dealing with unpaid present entitlements
  • Basis on which you can extinguish a UPE
  • UPEs to children – assignment and extinguishment
  • Paying out the UPE
  • Dealing with the UPE in the will

Session 3: Keeping the Funds in Superannuation Through Reversionary Pensions

As the superannuation rules tighten, reversionary pensions have become more prevalent and their effective use is in the spotlight. This session explores the effective use of reversionary pensions and considers:

• Comparison between a reversionary and non-reversionary pension
  • Are minimum pension payments required?
  • How does the pension affect the transfer balance account?
  • Does the pension tax exemption continue to apply?
• Getting reversionary pensions right:
  • Are the pension terms consistent with the trust deed?
  • Are there restrictions on how the reversionary recipient can deal with the pension?
  • Ways to manage the transfer balance cap - creating part-reversionary pensions?