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Recorded Webinars

Recorded Webinar: Executors and Tax: Key Obligations and Duties

When executors administer an estate, they often don’t know what tax issues may be lurking. But, the executor could be on the hook for any outstanding tax debts or obligations. This session examines an executor’s obligations, including: Assessi

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About the Webinar

When executors administer an estate, they often don’t know what tax issues may be lurking. But, the executor could be on the hook for any outstanding tax debts or obligations. This session examines an executor’s obligations, including:

  • Assessing the tax risks in the estate:

    • should you withhold proceeds to protect yourself?

    • should you get an accountant to do a full audit to give you comfort?

    • when would a release and indemnity from the beneficiary be appropriate?

    • should you request a voluntary ATO audit?

  • What does the executor need to do to satisfy their obligations from a tax perspective?

    • notify the ATO of the death

    • lodge outstanding tax returns

    • lodge a date of death return

    • lodge outstanding tax documents

    • cancel GST and ABN registrations

    • discharge any associated liabilities

    • lodge tax returns for the deceased estate

    • discharge associated liabilities

  • What does the executor need to give beneficiaries so they are able to comply with their tax obligations?

  • When will the executor be personally liable?

  • Recent guidance from the ATO

Presented By

Warwick Gilbertson
Partner and Accredited Specialist in Family Law, Turnbull Hill Lawyers Sydney, NSW

Warwick is the Partner in charge of Wills & Estates and Family Law at Turnbull Hill Lawyers.

With a career spanning more than 45 years, Warwick has become a sought-after advisor regarding Wills, Powers of Attorney, Guardianship, Trusts, Companies, Superannuation Funds, Business entities and the claims that can be made upon them.

He has extensive experience in contested wills and estate cases in the Equity and Probate Divisions of the Supreme Court. He is an Accredited Specialist in Family Law, a member of the Taxation Institute of Australia and a Trust and Estate Practitioner (TEP), a specialist designation given to him by STEP – the worldwide professional association for those advising families across generations. He is one of a handful of TEPs in the wider Hunter Region.

Turnbull Hill Lawyers has been listed in Doyle’s Guide as Leading Law Firm: Wills and Estate Litigation 2018 to 2024 (NSW) and Leading Law Firm: Wills, Estates and Succession Planning 2021 to 2024 (NSW). Warwick has been personally recognised by Best Lawyers, Trusts and Estates 2020 to 2024/2025.

Who Should Attend?

This webinar is suitable for succession lawyers throughout Australia. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

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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