Estate Planning Intensive Web Series

Six key areas that differentiate an estate plan

Starts 19 November 2019

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Deep-dive into the topics that drive estate planning
Expand your estate planning knowledge
Tax, super, legal explored

There are key areas in an estate plan that should never be overlooked. Understanding these issues not only allows you to provide a more complete estate planning service for your clients, it allows you to differentiate your message in the marketplace.

This specialist webinar series delivers the knowledge accountants and advisers delivering estate planning services need to know.

Less than 5% of accountants and advisers deliver comprehensive estate planning services to their clients. This is the professional services growth opportunity of the next 5 years. In a crowded market, it can be a clear differentiator for your firm.

Estate planning is a service your clients need. If you don’t deliver these services to your clients, who will?

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What we cover

Webinar 1

Using trusts for estate planning: family trusts vs testamentary trusts

Tuesday, 19 November 2019

Michael Carruthers
Michael Carruthers
Tax Director, Knowledge Shop

Presenter
Michael Carruthers
Tax Director, Knowledge Shop

Clients use trusts for a range of purposes including asset protection, succession planning, flexibility and tax efficiency. In some ways, testamentary trusts are taxed in a similar way to normal family trusts but there are differences that are crucial to understand during the planning process and after a trust has been established.

Testamentary trusts offer some advantages from a tax planning perspective that are not normally available to standard discretionary trusts and it is important for practitioners to understand how these rules work.

  • The significant tax advantages of testamentary trusts when distributing to minor beneficiaries
  • The existing integrity rules to be aware of and the impending changes
  • Setting up a trust after death from the proceeds of the estate and the limitations that need to be taken into account
  • When distributions to minors from normal discretionary trusts can still be tax effective
  • Accumulating income in a testamentary trust and how to ensure concessional tax treatment is available
  • When the CGT discount can and cannot apply
  • CGT issues to consider when trusts are being utilised as part of the estate planning process
  • Tax administration issues for testamentary trusts compared with family trusts
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Webinar 2

The Use of Trusts in Estate Planning

Tuesday, 26 November 2019

Adrian Bailey
Adrian Bailey
Principal, Cleary Hoare Solicitors

Presenter
Adrian Bailey
Principal, Cleary Hoare Solicitors

How do you structure a client’s affairs so their wealth is protected from the misadventures of the next generation?  Adrian shows you how to do it using real life case studies and the outcomes delivered for clients.

  • Testamentary trusts – how they work and what to look out for
  • Are testamentary trusts safe from family law claims?
  • How to best structure an estate plan
  • Structuring the control points so that clients wishes are followed
  • Strategies to deal with existing trust assets
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Webinar 3

SMSF Structuring for Estate Planning

Wednesday, 4 December 2019

Garth McNally
Garth McNally
National Training & Education Director, Merit Wealth

Presenter
Garth McNally
National Training & Education Director, Merit Wealth

Whether you set up your client’s SMSF or you have taken over an existing fund, there are a number of structuring issues that need to be regularly reviewed.

Garth explores:

  • What needs to be in place so the right person has control of a SMSF post the death of a member
  • The essential paperwork trail for effective death benefit outcomes
  • The ATO updated rules around the payment of superannuation death benefits
  • How indivisible assets can create issues when a death benefit needs to be paid
  • Pension planning & structuring to achieve desired outcomes
  • The requirements for a deceased members legal personal representative to be appointed as trustee
  • The pitfalls and risks where a SMSF member dies intestate
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Webinar 4

Deceased Estates: getting the right tax outcomes

Thursday, 6 February 2020

Michael Carruthers
Michael Carruthers
Tax Director, Knowledge Shop

Presenter
Michael Carruthers
Tax Director, Knowledge Shop

When a client dies this sets in motion a whole series of events and tax issues that someone will need to deal with – often the accountant is heavily involved in this process.

We step you through the practical issues faced by practitioners assisting clients with the administration of a deceased estate or preparing the tax return for a deceased individual, their estate, or their beneficiaries. Before this time, understanding the asset history can make a major difference to tax outcomes.

Michael explores the unique tax issues that arise in the context of deceased estates and what can be done in planning for the estate. 

  • How to deal with income derived from assets of the estate
  • The tax treatment of superannuation death benefits and other common payments
  • Building the history of estate assets
  • Tax optimisation of asset realisation
  • When the main residence exemption can be used to provide a full or partial exemption on the sale of property, including some rental properties
  • When the small business CGT concessions can be applied by an executor or the beneficiaries of a deceased estate following the death of the original business owner
  • Whether the death of an individual impacts on the pre-CGT status of assets held by a company or trust
  • What to do with income in the year in which the administration of the estate is completed
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Webinar 5

SMSF Case Study – Why You Plan Well in Advance

Thursday, 13 February 2020

Garth McNally
Garth McNally
National Training & Education Director, Merit Wealth

Presenter
Garth McNally
National Training & Education Director, Merit Wealth

Garth takes you through a series of common client scenarios that highlight the importance of planning well ahead of certain events occurring. He looks at scenarios that extend from loss of capacity, issues around terminal illness, and finally through to the death of a member.

These scenarios include:

  • What must be in place to avoid issues occurring with the loss of capacity of an SMSF member
  • How to avoid challenges to death benefit nominations to ensure the right outcomes
  • Managing the transfer balance cap issues that can arise on the death of a spouse
  • How superannuation proceeds trusts operate to provide an effective mechanism for the payment of death benefits
  • Outcomes to consider where death benefits are paid either to the deceased member’s estate or direct from the SMSF
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Webinar 6

Strategies to Protect Against Estate Challenge

Thursday 20 February 2020

Adrian Bailey
Adrian Bailey
Principal, Cleary Hoare Solicitors

Presenter
Adrian Bailey
Principal, Cleary Hoare Solicitors

Whether its risk from a disgruntled child, blended family or new partner, the reality is that estate challenges are on the rise throughout Australia. Adrian examines what the risks are, and delivers the strategies to deal with those risks so your clients wishes are followed.

  • What really is at risk in an estate challenge?
  • Who can claim?
  • What is the impact of the NSW specific laws that turn estate planning on its head?
  • Challenge against superannuation
  • Strategies to deal with a potential challenge
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19 Nov 2019 | 26 Nov 2019 | 4 Dec 2019
6 Feb 2020 | 13 Feb 2020 | 20 Feb 2020

12:00pm - 1:00pm AEDT in ACT, NSW, TAS & VIC
10:00am WA | 10:30am NT | 11:00am QLD | 11:30am SA

Members

6 series package, reference materials and recording for 3 months

  • $590 GST incl (individual)
  • $980 GST incl. (office)
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Non-Members

6 series package, reference materials and recording for 3 months

  • $660 GST incl
  • $1,100 GST incl. (office)
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Terms & conditionsAll registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

Call (or email) Lee Marshall on 02 8916 4212 for group pricing

Requirements

You will need a computer with audio!!

  • Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
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  • PC requirements PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).