From the time that an individual dies until the final distribution of his or her estate, there are potential tax issues that arise. This session provides a guide for tax practitioners to the legal process of obtaining probate and estate administration, including:

• What happens on death:
  • Notification of death
  • Completing the final tax return
  • Payment of superannuation death benefits
• Administration of the estate:
  • Disposal of an estate asset
  • Expenditure of the legal personal representative
• Distribution of the estate:
  • Distribution to tax advantaged entities and foreign resident beneficiaries
• Trust tax returns for the deceased estate