Kieran Hoare is a Principal of Merthyr Law Pty Ltd and an accredited SMSF Specialist Advisor with the SMSF Association. Kieran has been practicing law since 2002 and specialises in navigating investment structures and regulatory framework for SMSFs and is often called upon to assist clients’ existing advisors and independently represent and advise SMSF trustees. Kieran keeps his professional network up to date through LinkedIn and other social media.
Recorded Webinar: Dealing With Chunky Assets in an SMSF
Date/Time
About the Webinar
A number of years ago the ATO sent out letters to SMSF trustees warning of the diversification issues that can arise when an SMSF holds a large percentage of investments in one asset class or one asset. No doubt, funds that own properties that are intrinsically linked to the operations of a business conducted by a member or associated entity, were high on the list of scenarios the ATO had in mind. This session explores how those diversification issues can come to a head and provides estate planning strategies to navigate the waters, including:
- What issues can arise when a business is planned to pass to the next generation and the business premises are held in an SMSF?
- Strategies for balancing cash reserve requirements with a chunky asset investment, including:
- the pros and cons of increasing SMSF
- member numbers
- Issues and tips for when a member dies with an SMSF balance represented largely by a property used in an associated business, including:
- when the death of a member is a sole surviving spouse with only adult children beneficiaries
- Are the ATO expectations that a property be sold in certain circumstances on the death of a member, including:
- issues with the requirement for a maximum of two payments for a death benefit lump sum
- Does a lengthy lease assist or hinder the estate plan?
- How to satisfy a member’s wishes that a property in an SMSF go to a specific beneficiary, including:
- what estate plan documentation would be required to satisfy those wishes?
- covering off the tax and stamp duty issues
- implementing a testamentary trust as an ownership structure for the property
- Should any manoeuvring required be attended to pre or post a member’s death?
- Case study
Presented By
Kieran Hoare
ILP Director, Merthyr Law Brisbane, QLDWho Should Attend?
This webinar is suitable for accountants advising in superannuation matters – Australia wide. 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/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.
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]