Recorded Webinar: You Can't Take It With You: Pre-Death Distributions and the Estate Plan

Increasing financial pressures are causing children to seek an early inheritance. Where mum and dad are willing to agree to an inter-generational re-structuring of their assets, what strategies and protections need to be considered for a beneficial outcome for all parties? This practical session will involve a case study of a family looking to take this step, and the factors that need to be considered, including:

• Assessing and needs – what are the most appropriate structures for control and management?
• Who is the client? Determining boundaries and appropriate representation
• Intergenerational interests in the family business and options for ongoing and equal benefits
• Loans and/or gifts? Structuring and financial consequences – tax, CGT, impact on social security benefits
• Protecting mum and dad – accommodation and care options after divestment of the family home
• Factoring in children, grandchildren and future generations
• The operation of the NSW notional estate provisions