Testamentary Trusts: Strategies for Maximum Impact - recorded half-day online conference

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: Structuring Testamentary Trusts to Bullet Proof the Estate Plan

The creation of testamentary trusts is challenging. Finding the balance between flexibility and protection require careful consideration and drafting. This presentation will cover the issues that arise when drafting testamentary trusts and practical strategies to avoid them. It covers:

• Optional testamentary discretionary trusts – advantages and disadvantages including flexibility, protection and taxation advantages

• Single vs multiple testamentary trusts

• Cascading testamentary trusts

• Post-death testamentary trusts

• Testamentary trusts and property acquired after death

• Trustees duties and powers – how wide?

• Rights of beneficiaries – how much is too much?

• Inter vivos trusts

Session 2: Use of Different Types of Trusts and Estate Planning

This session looks at the ins and outs of trusts in estate planning to ensure you have the best strategy in place for your client. We will look at what trusts are available to your clients and why you would use them. It covers:

• Generation skipping trusts – when can they work?

  • Providing for grandchildren and protecting assets from relationship breakdown in the second generation

  • Cascading generation skip trusts

• Hybrid unit trusts – estate planning when hybrid unit trusts are involved – pros, cons and the concerns of the ATO

• Capital protected trusts – using for the benefit of the second spouse and protecting assets of children from the first marriage

• PS LA 2003/12 and recent ATO comments

Session 3: Tax Efficient Use of Super Proceeds Trusts and Testamentary Trusts for Super

With the creation of the $1.6million transfer balance cap, some clients may need to direct all or part of their death benefits (which would otherwise have been paid as a pension) to their estate and perhaps to a super proceeds trust. Now is the time to understand when a SPT is appropriate and how the concessional tax treatment applies. This session looks at:

• How do SPTs work?

• How are they established?

• Who is a death benefit dependent?

• SPT and income beneficiaries

• Can you establish a SPT after death?

• Capital requirements

• What are the key advantages of a SPT? Tax efficiency, flexibility and asset protection

• SPTs v child pensions

• When would you consider a TT receiving a super death benefit?