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Recorded Webinars

Recorded Webinar: Asset Protection Transfers: Is it a Gift or a Loan?

Included in the asset protection toolkit is the strategy of moving assets from an “at risk” individual to another entity, which is often a discretionary trust. This session looks at the implications of doing so by either a gift or a loan, including: What a
PRESENTED BY Mimi Su Principal - Matthews Folbigg Lawyers , Parramatta

Date/Time

About the Webinar

Included in the asset protection toolkit is the strategy of moving assets from an “at risk” individual to another entity, which is often a discretionary trust. This session looks at the implications of doing so by either a gift or a loan, including:

  • What are the pros and cons of using gift or loan strategies?
  • When should:
    • a gift deed be prepared?
    • loan documentation be prepared and the loan be secured?
  • What is the accessibility of funds if gifted to corpus?
  • What are the implications for:
    • income tax
    • state and territory taxes and duties
  • Using a gift and loan back strategy
  • Transactions between parents and children – are they loans or gifts and why it matters
  • Paying out UPEs and gifting back:
    • how much emphasis is placed on the accounting treatment?
    • how does this strategy sit with section 100A ITAA 1936
  • Case studies

Presented By

Mimi Su
Principal, Matthews Folbigg Lawyers Parramatta, NSW

Mimi is a specialist in estate planning, deceased estate matters and tax related issues.

She has extensive experience in all aspects of estate planning, including the preparation of testamentary trust Wills and advising on various asset structures such as family trusts, special disability trusts and superannuation funds.

She has acted for a wide range of individuals including notable high-net worth individuals and family groups in respect to obtaining grants of probate, dealing with contested estate matters and capacity issues.

Her background in taxation from a big four accounting firm and also having completed her Master of Laws (taxation specialisation with distinction average) means that she can provide tax conscious advice which is becoming a necessity given the increasing complexity of family group structures and asset holdings.

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/Training 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.

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.

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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