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Recorded Webinars

Recorded Interactive Webinar: Why Wills Fail, and Deeds Succeed in Trust Succession Planning

While many controllers of trusts assume their will can handle successor appointments, using testamentary nominations for trust succession gives rises to legal issues that can leave trust assets in limbo. In this session, we will explore the role of dedicated trust succession deeds
PRESENTED BY Greg Russo Principal - Greg Russo Law , Melbourne

Date/Time

About the Webinar

While many controllers of trusts assume their will can handle successor appointments, using testamentary nominations for trust succession gives rises to legal issues that can leave trust assets in limbo. In this session, we will explore the role of dedicated trust succession deeds, including:

  • How trust deed control structures, and not testamentary documents, determine succession.
  • How the appointor role represents the true control mechanism for discretionary trusts.
  • Why will nominations fail and the fatal flaws of testamentary trust succession.
  • Avoiding exposure of sensitive succession plans to banks, the ATO, land titles offices, and other third parties.
  • When to use dedicated trust deeds with trigger events for flexible, revocable, and private succession planning.
  • How to implement mechanisms to ensure specific distributions occur on death while maintaining trust flexibility and tax advantages.
  • Managing complex succession structures with multiple appointors.
  • Practical case study

Presented By

Greg Russo
Principal, Greg Russo Law Melbourne, Vic

Greg Russo has almost 30 years’ experience in succession planning, administration and litigation and is one of Victoria’s most experienced and respected succession law solicitors.

With a background in pure mathematics, Greg not only understands the implications of planning decisions on future taxation, SMSF, trust and estate administration, he is also able to break down complex concepts and structures logically and explain options to clients in a way that empowers them to take positive action and ownership for their decisions.

Using the knowledge and insights that he has acquired over three decades, he crafts unique solutions to complex succession problems.

Greg teaches both mathematics and law, regularly presents CPD succession events to solicitors, accountants and other professionals in Victoria, Queensland, and online. He has also presented professional development events for health professionals in Cambodia and Vietnam.

Greg is an LIV Wills & Estates Accredited Specialist, a chairperson of the LIV Specialist Accreditation Education Advisory Committee, a board member of the Mount Eliza Community Bank, a member of STEP, and is recognised in Doyle’s Guide, in Victoria, as a Leading Wills and Estates Litigation Lawyer and a Leading Wills, Estates and Succession Planning Lawyer.

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 up to 1 CPD hour. Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

OPTIONAL ONLINE QUIZ

We will be adding an optional online quiz to the recording of this webinar to make it interactive in terms of the type of CPD that can be claimed. Upon completion of the quiz the successful registered user will receive a CPD certificate confirming completion and the CPD units/points/hours earned. The online quiz will be available with the recording – typically within 1 to 2 days of the live webinar being held.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

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

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