Complex Estate Planning & Trusts in Business Succession
Issues covered include: business succession, companies, trusts, insolvency, variation of trusts, special disability trusts
Description
Examine how to deal with companies & trusts, including succession planning on death or incapacity, trustees & beneficiaries, UPEs, and SMSFs. Consider the increasingly important issue of the impact of bankruptcy & insolvency on trusts & trustees. Master how to deal with variations of trust deeds. And finally, explore when and how to use Special Disability Trusts. Our expert panel will delve into these complex issues of succession and estate planning.
Attend and earn 2 CPD points in Competency Area 4: Substantive Law
This program is based on WA legislation
Chair: Elizabeth Heenan, Consultant, Culshaw Miller Lawyers; Leading Wills and Estates Litigation Lawyer, Doyle’s Guide 2019; Leading Wills, Estates and Succession Planning Lawyer, Doyle’s Guide 2018
2.00pm to 2.45pm: Dealing with Companies and Trusts
- Controlling succession of directors on death or incapacity
- Dealing with corporate trustees and corporate beneficiaries of trusts
- UPEs: what to do with director and beneficiary loans to and from trusts
- SMSF will trusts and corporate trustees
- Closely held companies: managing continuity on death of a key person
Presented by Morgan Solomon, Director, Solomon Hollett Lawyers; Leading Wills, Estates & Succession Planning Lawyer & Wills & Estates Litigation Lawyer, Doyle’s Guide 2019
2.50pm to 3.35pm: Trusts and Trustees From an Insolvency Perspective
- Bankrupt & corporate insolvency impact on Trusts and Trustees (including deceased estates)
- Administering Trust property
- Administering Creditors’ claims.
- PPSR, voidable transactions, SMSF, tax implications, equitable claims
Presented by Kim Wallman, Principal, HLB Mann Judd (Insolvency WA)
3.35pm to 3.45pm: Break
3.45pm to 4.30pm: Special Disability Trusts
- How Special Disability Trusts can protect beneficiaries with special needs
- Inter vivos vs the will
- What are the limitations of Special Disability Trusts?
- Are Special Disability Trusts preferable to testamentary trusts?
- Taxation and Centrelink implications
Presented by Claire Hawke-Gundill, Partner, Kott Gunning