Wills and Estates Update
Issues covered include: blended families, second spouses, superannuation, case update
Description
“There is something about wills which brings out the worst side of human nature. People who under ordinary circumstances are perfectly upright and amiable, go as curly as corkscrews and foam at the mouth, whenever they hear the words 'I devise and bequeath.’” If Dorothy Sayers was right, and let’s be honest, she probably was, you’d be wise to attend this informative session to sharpen your wills and estates practice.
This seminar was recorded in TAS on 1 March 2019
Chair: Justin Otlowski, Consultant, Estate Planning & Probate Department, Simmons Wolfhagen
12.00pm to 12.40pm: Wills, Estates and Succession Update
- Key cases
- The Australian Law Reform Commission’s report on Elder Abuse
- The New South Wales Law Reform Committee’s review on whether legislation should be introduced to regulate who can access the digital assets of a person who has died or is incapacitated and in what circumstances
- The Tasmanian Law Reform Institute’s review of the Guardianship and Administration Act 1995 (Tasmania)
- The 2018 amendments to the Duties Act 2001
Presented by Kimberley Martin, Director, Worrall Moss Martin Lawyers
12.40pm to 1.20pm: Second Spouses, Blended Families, Big Problems
- Life estates and rights of residence: problems with the Settled Land Act
- Nursing home bonds
- Reciprocal wills: absolute interests a matter of trust
- Mutual wills: catching inter vivos transfers and problems of proof
- Testamentary trusts: Who will be the trustee?
- Family provision, constructive and resulting trusts
- Traps: joint tenancy and superannuation
Presented by Timothy Williams, Barrister and Solicitor
1.20pm to 2.00pm: Superannuation in Estate Planning
- What’s changed under super reforms
- What happens to pensions on death
- Dealing with transfer balance cap
- Tax Issues
Presented by Melanie Dunn, SMSF Technical Services Manager, Actuary, Accurium