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Recorded Webinars

Recorded Webinar: The Tax Aspects of the Executor's Role (and the Impatient Beneficiary)

Acting as an executor of a deceased estate is not without its challenges. Time limits, complex tax matters to address and the various personalities benefitting from the legacy can significantly increase the stress levels for most. This session focuses on the tax related aspects of
PRESENTED BY Kimberley Barnes Associate - McInnes Wilson , Brisbane

Date/Time

About the Webinar

Acting as an executor of a deceased estate is not without its challenges. Time limits, complex tax matters to address and the various personalities benefitting from the legacy can significantly increase the stress levels for most. This session focuses on the tax related aspects of the executor role, and provides an understanding of why the process requires a certain amount of time and patience, including:

  • The time limits an executor should be mindful of
  • How to access a deceased person’s tax and super data
  • The tax obligations of executors and beneficiaries during the various stages of administration of a deceased estate (IT 2622)
  • What are the executor obligations if the deceased:
    • operated a business as a sole trader?
    • was a partner in a business?
  • Action to take if further assets are identified that haven’t had their tax implications disclosed in previous income tax returns
  • When can the executor be personally liable for outstanding tax liabilities of the deceased or their estate? (PCG 2018/4)
  • A checklist to cover ATO interaction, notifications and lodgements required
  • Practical examples of providing for tax liabilities, including:
    • when a beneficiary is a non-resident
    • when a super death benefit is received

Presented By

Kimberley Barnes
Associate, McInnes Wilson Brisbane, QLD

Kimberly completed her Bachelor of Laws and Bachelor of Commerce (Accounting) at Griffith University and was admitted as a solicitor in May 2016.

Kimberley specialises in the areas of commercial, taxation, succession planning and asset protection for individuals, trusts and companies.

As a dedicated solicitor, she has honed her skills to build a strong client rapport from the get-go and has developed excellent stakeholder relations both within and external to the firm. Kimberley has a passion for going the extra mile for her clients and prides herself on ensuring all T's are crossed and I's are dotted before wrapping up any project.

By using initiative, out of the box solutions and the ability to uniquely assess situations, Kimberley is able to provide end-to-end solutions for her clients in a timely, deadline focused manner.

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 1 CPD hour. Lawyers can claim 1 CPD unit/point – substantive law.

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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