Estate Planning: Property, Structuring & Capacity
Gain answers to your clients’ questions on gifting, transferring & protecting real property. Acquire strategies for clients with changed circumstances, including how to structure documents and administer deceased estates differently during a recession. Finally, develop a proactive multi-dimensional plan of action before your client loses capacity, and explore the impact of loss of capacity on SMSFs and family trusts.
Description
Attend and earn 3 CPD units in Substantive Law
This program is based on VIC legislation
If you register for the full series as a live online product after the date of an individual session, you will be sent the recording for the sessions that have passed. Alternatively, you can register for individual sessions by following the links below.
Session 1
Monday, 6 July 2020
Gifting, transferring and protecting real property as part of your client’s estate plan, will be addressed in this session. You will examine the distinction between life interests and right to occupy, then review the pros and cons of protecting real property using testamentary trusts.
12.00pm to 1.00pm: Real Property Dilemmas: Impact on Estate Planning
- Conditions that determine the ownership of real property
- Strategies for gifting real property and the dilemma of the holiday house
- Asset protection strategies: life interest vs right to occupy
- How to transfer property in return for care
- Protecting real property with testamentary trusts: the benefits and pitfalls
Presented by Ines Kallweit, Principal Solicitor, KHQ Lawyers; Accredited Specialist in Wills & Estates Law; Preeminent Wills, Estates & Succession Planning Lawyer and Preeminent Wills & Estates Litigation Lawyer, Doyle’s Guide 2019
Register here for Session 1 only
Session 2
Thursday, 23 July 2020
Australia is in recession for the first time in 29 years, discover what advice you should be giving your clients right now. How do you deal with beneficiaries with changed circumstances? How can they take advantage of the economic conditions? You will gain insights on key changes in estate administration and how to circumvent estate litigation risks. This is a must attend seminar for wills and estates lawyers.
11.00am to 12.00pm: Estate Planning in a Recession: How Your Estate Planning Requirements Should Change
- How to deal with beneficiaries with changed circumstances
- Exploring fresh opportunities that have emerged from prevailing economic conditions
- A guide to structuring documents differently during the recession
- Examining critical changes in the administration of deceased estates in the current economic climate
- Evaluating the risks for estate litigation and what you can do to circumvent them
Presented by James Daly, Special Counsel, McKean Park Lawyers; Accredited Specialist in Wills & Estates Law; Recommended Wills, Estates & Succession Planning Lawyer and Recommended Wills & Estates Litigation Lawyer, Doyle’s Guide 2019
Register here for Session 2 only
Session 3
Thursday, 20 August 2020
Develop a proactive multi-dimensional plan of action before your client loses capacity. Explore capacity issues and the ramifications on wills for gifted properties. Review financial enduring powers of attorney then delve into the impact of loss of capacity on SMSFs and trusts. This is a must attend seminar for wills and estates lawyers.
10.00am to 11.00am: Client Capacity and Estate Planning
- How to ensure your client’s estate planning intentions don’t unravel if they lose capacity
- Analysing the current Victorian Enduring Power of Attorney laws
- The conditions and instructions to include in Financial Enduring Powers of Attorney
- Impact on a will when a specific gifted property is sold during the will maker’s lifetime
- Repercussions on SMSFs when members lose capacity
- The effect on the family trust when controllers lose capacity
Presented by Krista Fitzgerald, Practice Leader, Moores; Recommended Wills, Estates & Succession Planning Lawyer, Doyle’s Guide 2019