Bryan Mitchell TEP FTI is the managing director of Mitchells Solicitors. He is an Accredited Specialist in Succession Law. Bryan & his firm are recognised in Doyle’s Guide as leaders in Estate Planning and Estate Litigation in Australia. His practice works almost exclusively in the areas of Wills, Estates, Trusts & Elder Law. Bryan is a regular presenter. He is the recipient of the Society of Trust & Estates (“STEP”) Australia Masters Award 2023; immediate past Chair of STEP Australia; former Chair of STEP Queensland; Deputy Chair for the Queensland Law Society (“QLS”) Succession Law Policy Committee; Deputy Chair of the QLS Succession Law Specialist Accreditation Advisory Committee and member of University of Queensland Law School Advisory Board.
Recorded Webinar: Paying It Forward: Loan Management Strategies in Estate Planning
Date/Time
About the Webinar
Inter-generational loans from the bank of mum and dad are now a common feature as a result of the increasing costs of housing, education and life in general. This session will look at the implications of family loans on estate planning and strategies for accounting for loans through the estate plan, including:
- Loan or gift? Ascertaining intentions on both sides
- Loan documentation essentials pre and post the event
- Protective strategies for lenders including taking security, charging interest, requiring regular repayments and other conditions
- Tax consequences of receiving interest payments including impact on pensions
- Updating wills and other instruments to factor in loan arrangements and future intentions – what should be included?
- Tips for drafting equalisation clauses and other loan management clauses
- Managing loan obligations in the event of the death of the recipient
- Dispute resolution strategies for family fallout associated with loans and agreement non-compliance
Presented By
Bryan Mitchell
Principal, Mitchells Solicitors Brisbane, QLDWho 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 units/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 – From 1/4/2021, due to changes to your CPD requirements we are unable to verify your completion of recorded webinars to the Legal Practice Board of WA.
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]