Trust and Deeds Masterclass
Issues covered include: trust structures, distribution strategies, asset protection
Description
An expertly crafted trust must accomplish a number of goals and not one of them can fail if you want to keep your clients satisfied. Before you tackle your next trust make sure you’re creating the most impactful and effective structure, utilising the best distribution strategies, and providing maximum asset protection. Master how to accomplish all that while also keeping one eye on what’s in the Commissioner’s crosshairs so you keep your clients’ trusts out of the firing line.
Attend and earn 3 CPD units in Substantive Law
This seminar was recorded in NSW on 26 March 2019
Chair: Louise Bedson, Legal Practitioner Director, Bedson Legal; Accredited Specialist in Family Law; Leading Wills & Estates Litigation Lawyer, Doyles Guide 2018
2.00pm to 2.45pm: Trust Structures and Asset Protection
- Asset protection attributes
- Trading trusts vs asset holding trusts
- Testamentary trusts and generation skipping
- Bankruptcy Act
- Control through power of appointment
- Sham and trusts
Presented by Ken Schurgott, Solicitor Director, Schurgott & Co Lawyers
2.45pm to 3.30pm: Trust Distributions: The What, How, Who, Why and When of Trusts and Property
- Trusts and the beneficiaries’ interests
- Taxation of trusts
- Effecting distributions
- Streaming issues
- CGT Event E4 and how to deal with it
- Asset revaluation reserves
- Distributing to other trusts
- Family trust elections and interposed entity elections
Presented by Michael Bennett, Barrister, Thirteen Wentworth Selborne Chambers
3.30pm to 3.45pm Afternoon Tea
3.45pm to 4.30pm: What’s Attracting the Commissioner’s Attention: The Hot Issues Facing Trustees and their Beneficiaries
You will focus on the Commissioner’s latest views in respect of the taxation of trusts, including:
- Reimbursement agreements
- Trust splitting
- Trust vesting
- Fixed trusts
- Distributions of capital gains to resident and non-resident beneficiaries
Presented by Jonathan Ortner and Kaitilin Lowdon, Senior Associates, Arnold Bloch Leibler
4.30pm to 5.15pm: Trust Operations: What Could Possibly Go Wrong?
- Lost trust deeds
- Beneficiary demands for copies of trust documents
- Appointor’s fraud on the power
- Transfers of trust assets to new trustee
- Protection against notional estate
- Flaws in devolvement mechanisms
- Surcharges arising from foreign beneficiaries
Presented by Chris McCaffery, Special Counsel, Bartier Perry