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Recorded Webinars

Recorded Interactive Webinar: Life Interests in the Succession Plan: CGT Risks, ATO Scrutiny and Drafting Pitfalls

Life interests have long been used to balance competing interests in succession planning, particularly between spouses and children. But the ATO’s draft tax determination on life interests has put renewed focus on the CGT consequences that can arise when those interests are creat
PRESENTED BY Paul Evans Partner - Bridges Lawyers , Sydney

Date/Time

About the Webinar

Life interests have long been used to balance competing interests in succession planning, particularly between spouses and children. But the ATO’s draft tax determination on life interests has put renewed focus on the CGT consequences that can arise when those interests are created, varied or brought to an end. What was once seen as a relatively straightforward planning tool can now trigger unexpected tax outcomes, particularly where parties seek flexibility after death. This session examines the evolving tax and legal landscape for life interests, with a focus on how the ATO’s current views impact administration, variation and drafting. It covers:

  • The ATO’s draft position on life interests and when CGT events may be triggered
  • The tax consequences of creating, surrendering or terminating a life interest — and who bears the liability
  • When a life tenant or remainderman seeks to exit early: legal pathways and tax risks
  • Whether life interests can be varied, exchanged or accelerated,  and the consent required
  • Common deficiencies in will drafting that increase the risk of adverse tax outcomes
  • How to draft life interest provisions to preserve flexibility without triggering unintended CGT consequences
  • Practical examples illustrating where life interests go wrong and how to avoid it

Presented By

Paul Evans
Partner, Bridges Lawyers Sydney, NSW

Paul Evans has over 20 years experience in the area of Private Clients.

Paul is a regular speaker on Wills and Estate Law at Estate Planning, Estate Administration and Superannuation seminars providing continuing legal education for solicitors and other professionals. He also lectures on estate planning at the University of Technology, Sydney and is sought after for his wealth of knowledge and his vast experience.

Paul qualified as a Solicitor in England in 1992 and in NSW in 1994.

Paul specialises in wills and estate planning, disputes to wills, protecting assets for future generations and estate administration. Paul lived in London for 18 years and during that time specialised in inheritance tax mitigation. He also acted for charities, including Save the Children Fund and The King Edward's Hospital Fund for London.

Paul is highly experienced in assisting a range of clients including high net worth individuals in transferring and protecting their wealth. He has also helped many clients with a blended family to create solutions to provide for all family members.

Paul prides himself on making clients feel at ease in having to deal with death, he simplifies the process, however he is meticulous with attention to detail and asks the right questions to ensure your will protects the ones you love and cherish the most.

Who Should Attend?

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

CPD Information

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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