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Recorded Webinars

Recorded Webinar: The Executor's Obligations and Liability: This Time It's Personal

The work required of an executor of a deceased estate is continually increasing in line with the increased complexities of our tax system. It is important that the executor and their advisers are aware of the tax obligations, including PCG 2018/4, to limit their risk of exposure t

Date/Time

About the Webinar

The work required of an executor of a deceased estate is continually increasing in line with the increased complexities of our tax system. It is important that the executor and their advisers are aware of the tax obligations, including PCG 2018/4, to limit their risk of exposure to liability. This session will help you understand your obligations, including:

  • The tax liabilities an executor is responsible for
  • What if the ATO issues an amended assessment and the estate has been wound up?
  • What does the ATO consider to be a smaller and less complex estate with concessional treatment regarding executor liability?
  • Action to take if the executor uncovers assets of the deceased that may have derived unreported income to the ATO
  • How far do obligations go back for income tax returns not lodged by the deceased?
  • Commissioner’s power to recover under TAA 1953 Schedule 1 Subdiv. 260-E
  • Accessing relevant information from the ATO including the deceased estate data package

Presented By

Edward Skilton
Principal, Special Counsel, Sladen Melbourne, Vic.

Edward is a Principal in the business law team at Sladen Legal in Melbourne, with a particular focus on equity, trusts and succession.

The focus of his dispute practice is on protecting at risk beneficiaries and others negatively affected by the decisions of the incumbent controllers of estates and trusts. He represents plaintiffs and defendants in the County Court and Supreme Court in matters relating to trust advice, replacement of executors/trustees, validity of documents and transactions (including SMSF and trust distributions) and claims for further provision.

On the planning side, Edward prepares complex estate plans and is particularly interested in assisting the owners of private business groups transfer the business to the next generation, as distinct from a sale to third parties.

Where there are concerns about a person’s ability to make decisions about their own finances (including business and investment assets) and care, Edward advises and represents clients in relation to administration and guardianship applications in the Victorian Civil and Administrative Tribunal including applications for advice regarding proposed transactions, conflict transactions and compensation.

Edward is recommended in Doyles Guide for Wills, Estates and Succession Planning Lawyers, Victoria.

Who Should Attend?

This webinar is suitable for lawyers and accountants throughout Australia who advise in estate planning matters. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim 1 CPD/Training hour. Lawyers can claim 1 CPD unit/point – substantive law . WA lawyers – From 1/4/2021, due to changes to your CPD requirements we are unable to verify your completion of recorded webinars to the Legal Practice Board of WA.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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