Asset Protection Strategies for Accountants - a Power Pair of recorded webinars

This Power Pair comprises 2 of our most popular asset protection webinars from the past year.

Webinar 1:  An Accountant’s Guide to Family Law: Protecting Assets from a New Partner or Future Spouse

With blended families come their challenges. These can include planning that takes into account spouses and children from past, present and future relationships. This session provides an introduction to family law concepts for non-family lawyers, and looks into the issues and strategies that may assist in ensuring the asset protection plans stay on track as relationships change, including:

• How family law treats various classes of assets in a relationship breakdown:
  • assets held in discretionary trusts or companies controlled by a party to the marriage
  • assets held in discretionary trusts controlled by the parents of the spouse in question
  • assets held in testamentary trusts
• How family law treatment of various asset classes help in asset protection:
  • initial contributions
  • inheritances
  • superannuation
  • financial resources vs the pool
• Maximising your client’s asset protection position:
  • moving the control of discretionary trusts and companies away from the at risk party
  • the use of testamentary trusts to protect inheritances from the consequences of failed relationships
• Using financial agreements to protect your client’s position
  • how to do a pre-nup without getting into trouble
  • financial agreements in second marriages
  • single asset financial agreements – what role do they play?

Webinar 2:  Asset Protection Transfers – Is it a Gift or a Loan?

Included in the asset protection toolkit is the strategy of moving assets from an “at risk” individual to another entity, which is often a discretionary trust. This session looks at the implications of doing so by either a gift or a loan, including:

• What are the pros and cons of using gift or loan strategies?
• When should:
  • a gift deed be prepared?
  • loan documentation be prepared and the loan be secured?
• What is the accessibility of funds if gifted to corpus?
• What are the implications for:
  • income tax
  • state and territory taxes and duties
• Using a gift and loan back strategy
• Transactions between parents and children – are they loans or gifts and why it matters
• Paying out UPEs and gifting back:
  • how much emphasis is placed on the accounting treatment?
  • how does this strategy sit with section 100A ITAA 1936
• Case studies

SPECIAL PURCHASE OFFER – THE APRIL ADVANTAGE

This pair of recorded webinars would usually cost $539, but as part of The April Advantage Offer you can buy the pair for only $297 if you order by 26.4.24.