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Recorded Webinars

Recorded Webinar: A Taxing Time for Minor Beneficiaries in Testamentary Trusts

The reforms to tax concessions available to minors receiving income from testamentary trusts has been in operation for several years, yet still causes some confusion and concern for legal practitioners and accountants. This session takes a deep dive into the legislation and raises
PRESENTED BY Mimi Su Principal - Matthews Folbigg Lawyers , Parramatta

Date/Time

About the Webinar

The reforms to tax concessions available to minors receiving income from testamentary trusts has been in operation for several years, yet still causes some confusion and concern for legal practitioners and accountants. This session takes a deep dive into the legislation and raises the issues and potential solutions for successful use of this avenue for tax effective distributions, including:

  • A discussion of the new measures and an analysis of the changes from the old law to the new
  • What was the rationale for the changes and how are existing testamentary trust impacted?
  • Which beneficiaries can take advantage of the new rules?
  • Income derivation rules for taking advantage of the concessional arrangements
  • How do the Origin Conditions restrict the income allowed?
  • Can a second deceased estate provide a later contribution to the assets of the testamentary trust?
  • How are the activities of a testamentary trust, including “injected assets” impacted by the new rules?
  • Why separate accounting procedures are now essential and other record keeping requirements
  • Are testamentary trusts still attractive for minor beneficiaries?
  • Case studies and drafting tips for testamentary trust provisions and structuring

Presented By

Mimi Su
Principal, Matthews Folbigg Lawyers Parramatta, NSW

Mimi is a specialist in estate planning, deceased estate matters and tax related issues.

She has extensive experience in all aspects of estate planning, including the preparation of testamentary trust Wills and advising on various asset structures such as family trusts, special disability trusts and superannuation funds.

She has acted for a wide range of individuals including notable high-net worth individuals and family groups in respect to obtaining grants of probate, dealing with contested estate matters and capacity issues.

Her background in taxation from a big four accounting firm and also having completed her Master of Laws (taxation specialisation with distinction average) means that she can provide tax conscious advice which is becoming a necessity given the increasing complexity of family group structures and asset holdings.

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 up to 1 CPD/Training hour. Lawyers can claim up to 1 CPD unit/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 – 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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