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Recorded Webinars

Recorded Webinar: Loan Accounts, Division 7A and UPEs: Are They Getting the Attention They Require in the Estate Plan?

A list of assets and liabilities for the estate planning process can sometimes gloss over the fact that within certain entities that are owned, controlled or provide benefits, are loan accounts and UPEs that can have a significant impact on the administering of the estate. This s
PRESENTED BY Paige Edwards Senior Associate - McCullough Robertson Lawyers , Brisbane

Date/Time

About the Webinar

A list of assets and liabilities for the estate planning process can sometimes gloss over the fact that within certain entities that are owned, controlled or provide benefits, are loan accounts and UPEs that can have a significant impact on the administering of the estate. This session looks into the implications that can arise, both pre and post death and the strategies to manage, including:

  • Does Division 7A apply when a company loan to a shareholder is forgiven after the shareholder’s death? (ATO ID 2012/77)?
  • Can the timing of forgiving a deceased shareholder’s pre-existing Division 7A loan post death make a tax difference?
  • Can Division 7A apply to an executor for a loan by a company to a shareholder before date of death? (ATO ID 2002/741)?
  • How does Division 7A interact with the commercial debt forgiveness rules?
  • Does the exclusion for debt forgiveness for reasons of natural love and affection in TD 2022/1 apply to deceased estates?
  • Can the commercial debt forgiveness provisions apply to a forgiven loan owing from a trust to a deceased beneficiary?
  • Strategies for a pre death loan account tidy up
  • Case studies highlighting how overlooked related party loan arrangements can impact the administration of an estate

Presented By

Paige Edwards
Senior Associate, McCullough Robertson Lawyers Brisbane, Qld

Paige is a Lawyer in the Estates team, practicing exclusively in the area of succession law since her admission in October 2012. Her main area of practice has always been estate planning for high net worth clients with complex structures as well as for blended families, families with children with special needs or individuals with difficult personal situations.

As part of the practice, Paige acts for individuals from diverse backgrounds, professional trustee company organisations, other law firms, charities, government organisations and departments, accountants and financial advisors.

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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