Recorded Webinar: Family Trusts, Company Loans & Unpaid Present Entitlements – How and When to Tidy Them Up in the Estate Plan

This session looks at having loans and unpaid present entitlements in a company or family trust and how they should be dealt with in your estate plan. We will look at estate planning strategies for clients with discretionary trusts. This session covers:

• Division 7A loans from private companies to the willmaker:
  • what is their status on the death of the willmaker?
  • what is the position with partly repaid s 109N regulated loans at death?
  • what strategies can you adopt to tidy them up as part of the estate plan?
• Unpaid present entitlements from family trusts in favour of the willmaker:
  • their status as part of the estate
  • their effect on the value of the family trust
  • when and how to reduce or eliminate them prior to death – disclaimer, payout, conversion to debt and forgiveness etc
• Unpaid present entitlements in favour of corporate beneficiaries:
  • their effect on the value of corporate beneficiaries vs the distributing trust
  • dealing with the ownership of corporate beneficiaries
  • UPEs under 7/10 year loan arrangements at death
  • pros and cons of tidying them up as part of the estate plan