Recorded Webinar: Will Drafting Intensive: Challenges in more Complex Family Arrangements

The rise of increasingly complex family relationships, asset holdings and business structures has impacted on the way in which wills are drafted and on division of assets following death. This session will explore the more complex arrangements that a will may need to cover and how to incorporate these into the document, including:

• Adjustment clauses which take into account gifts or loans to a beneficiary during the life of the testator
• Rights of residence and life interests and ongoing costs and entitlement issues
• Drafting mutual wills
• Issues in passing on the family business and partnership interests
• Testamentary trusts, special purpose trusts and charitable trusts
• Capital gains tax and other implications of asset sale and distribution
• The effect of asset distribution on a beneficiary’s Centrelink or other entitlements
• The interplay between superannuation funds and wills, including the effect of binding death benefit nominations