Protecting the Family Jewels: Asset Protection in Estate Planning - Recorded Online Conference

6th February 2019

Duration:. 3 hours

You can put your staff in the boardroom and watch it there. You can watch it on your computer or on your portable electronic device. All for the same low price.

The conference will be based on our highly successful video webinar technology: there’ll be a chairperson, a panel of experts, presentations and discussion.

Session 1: Implications of Relationship Creation and Breakdown on Estate Planning

What happens to wills, powers of attorney and binding death benefit nominations when the documents aren’t up to date to accurately reflect the status of a relationship? Understanding the legal consequences is very important and this session covers:

• Revocation of powers of attorney – what is the position with your ex-spouse?
• Registering relationships and estate planning – what is the affect?
• Wills and marriage – what happens when you divorced? Is the will void?
• What is the position with de facto partners?
• BDBNs and ex partners – what is the effect?
• State based comparison of impact of relationship creation and breakdown

Session 2: Bankruptcy and Estate Planning

Even well-structured estate plans can suffer through bankruptcy. This session looks at the risks involved when one of the players ends up bankrupt and in particular, what you can do to protect the assets of ‘at risk’ individuals. This presentation covers:

• Consequences of bankruptcy to the estate plan generally
• Bankruptcy of beneficiaries
• Superannuation, life insurance and the trustee in bankruptcy
• Bankruptcy and assets held in family trusts and companies
• What happens if a bankrupt gets an inheritance?
• Clawing back assets from structures established under the estate plan – what to watch out for
• How to avoid these risks when crafting the estate plan

Session 3: Financial Agreements and their Impact on Estate Planning

Can you protect your estate from a family provision claim by entering into a financial agreement? Financial agreements under the Family Law Act can be entered into to protect the financial interests of children from a previous relationship. Having one that clearly separates the assets brought into the relationship or any inheritances along the way, may save heartache down the track. This session will cover:

• Protecting wealth from litigation – strategies and solutions
• Can you have a financial agreement for a single asset? Is it worthwhile?
• Blended families and financial agreements – pros and cons
• Financial agreements in estate planning – what is their place?
• Financial agreements and family provision claims – what trumps what?