Estate Planning: Trusts, Taxes and Asset Protection
This seminar packs a punch and is not to be missed. Expand your repertoire in trusts and the hard-hitting asset protection matters. Review the repercussions of the Re Permewan case for your clients. Gain a deeper understanding of asset protection for children, using testamentary trusts and take away valuable drafting tips. Investigate the Bosanac case and the impact on presumption of advancement and presumptive trusts. WEB2211Q02Z
Description
Attend and earn 4 CPD units in Legal Knowledge
This program is based on QLD legislation
Chair: Kate Varcoe, Special Counsel, de Groots Wills & Estate Lawyers; Recommended Wills & Estates Litigation Lawyer, Doyle’s Guide 2021
9.00am to 10.00am Testamentary Trusts that Provide Asset Protection for Children
- Structuring of testamentary discretionary trusts for:
- Protecting a child’s inheritance against relationship failure
- Asset protection against creditors
- Full control, part control and no control solutions
- The risk of solving one problem and causing another
Presented by Kate Muller, Mitchells Solicitors; Wills, Estates & Succession Planning Law Rising Star, Doyle's Guide 2022
10.00am to 11.00am Testamentary Trust Planning: Practical Tips
- The client experience, from initial meeting to sign up
- Drafting tips for different scenarios
- Outcomes for the beneficiaries and the ongoing running of the trust
Presented by Betty Leung, Senior Estate Planning Lawyer, Australian Unity Trustees Legal Services; Accredited Specialist in Succession Law
11.00am to 11.15am Morning Tea
11.15am to 12.15pm Coordinating Estate Planning and Asset Protection with Companies & Trusts That Fall Outside of Estate Assets
- Mechanisms to ensure succession plans work as desired
- Tricks & traps of asset protection for future generations
- Tax implications, particularly when dealing with inter-entity loans
- Subject to the High Court delivering judgment in Bosanac v FCT, you will also address the implications arising for asset protection of the Court's treatment of the presumption of advancement
Presented by Clifford Hughes CTA, Principal, Clifford Hughes & Associates; Accredited Specialist in Taxation Law; Accredited Specialist in Business Law (Qld); Accredited Specialist in Wills and Estates Law (VIC); SMSF Specialist Advisor
12.15pm to 1.15pm End of the Gift and Loan Back Arrangements: Protecting Wealth from Estate Disputes, Lessons from Permewan
- Strategies for minimising the risk of potential challenges against an estate
- Understanding the difference between estate and non-estate assets
- Alternatives to transferring assets by will
- Re Permewan (No 2) and the effectiveness of ‘gift and loan back’ arrangements
Presented by Patrick Ellwood, Director, Clover Law; Recommended Wills, Estates & Succession Planning Lawyer, Doyle’s Guide 2021
Presenters
Kate Varcoe
Kate Varcoe has been practising for over 17 years in estate litigation, estate planning and estate administration. Her clients include high net worth individuals, primary producers, international residents, lawyers, accountants and business owners. Kate has been involved in many high profile estate disputes. She has acted in a range of proceedings relating to the validity of wills, interpretation of wills, Family Provision Applications, removal of executors, trust disputes and disputes concerning Enduring Powers of Attorney, among others. Before joining the firm, Kate spent several years working in medium to large law firms where she focused on structuring and planning for individuals and commercial enterprises and estate litigation. In more recent years, Kate has worked predominantly in estate litigation. Through Kate’s breadth of experience, she is able to provide de Groots’ clients with holistic solutions to their litigation, administration and financial planning needs, while understanding that each client’s circumstances are always unique. In 2019 Kate was recognised by legal benchmarking website, Doyle’s Guide, as one of Queensland’s Recommended Wills, Estates & Succession Planning Lawyers. In 2021 and 2022 Kate was also recommended by Doyle's as one of Queensland's Recommended Litigation Lawyers.
Kate Muller
Kate holds a Bachelor of Laws and a Bachelor of Arts (History) as well as a Master of Laws with Honours, all from the University of Queensland. Kate has been practising almost exclusively in succession law, with a bit of business law and family law, since her admission. She has just completed a Masters of Laws (Wills & Estates) and is a full member of the Society of Trust & Estate Practitioners (STEP). Previously, Kate worked with the State Trustees in Melbourne, working exclusively in estate planning. Kate works with Bryan in drawing up wills, dealing with related superannuation issues, minimizing the risk of estate litigation, minimising the taxation liability of wills’ beneficiaries and establishing discretionary trusts. Outside of the law, Kate is a busy mum of three boys.
Betty Leung
Betty Leung is a Senior Estate Planning Lawyer at Australian Unity Trustees Legal Services in Brisbane. With nearly 20 years of experience, Betty is also a Queensland Law Society Accredited Specialist in Succession Law. Betty's focus is on all aspects of estate planning for clients to achieve effective succession of wealth. She acts for clients including high net worth individuals and those with blended families, complex structures, rural estates and international assets.
Clifford Hughes CTA
Clifford Hughes practices as an independent consultant to numerous legal and accounting firms in respect of tax, super, business structuring and succession issues for their own practice structures and also for their clients. He is a Chartered Tax Advisor and a triple Accredited Specialist with the Queensland Law Society & the Law Institute of Victoria.
Patrick Ellwood
Patrick Ellwood is the founder of Clover Law and has over a decade of experience assisting high net worth individuals and business owners with their tax, estate planning and asset protection needs. He is a regular speaker for a range of private and professional bodies and is a published author. Patrick is passionate about helping families and business owners grow their business, protect their assets and ultimately achieve maximum value upon their retirement.