Family Law: Tax and Trust Fundamentals
Issues covered include: discretionary trusts, trust and company law, tax implications for property settlements, financial documents
Description
The number of tax and trust issues that can arise in any given family law matter are innumerable. It's essential that you can not only identify those issues early on before it's too late, but also that you can handle them expertly, effectively and efficiently. Our cadre of tax, trust and family law specialists will give you the information needed to identify these critical issues and the knowledge and skills to handle them successfully.
Attend and earn 3 CPD units in Substantive Law
This seminar was recorded in NSW on 1 March 2019
Chair: Melinda di Condio, Special Counsel, Horton and Rhodes
2.00pm to 2.45pm: When the Fighting Starts: How Does the Family Court Treat Discretionary Trusts?
- When are the assets of a discretionary trust vulnerable to a property settlement claim under the Family Law Act?
- How to limit the inclusion of assets of a discretionary trust in a family law property settlement
- Latest cases as to the treatment of discretionary trusts by the Family Court
Presented by Sheridan Emerson, Partner; Accredited Specialist in Family Law; Leading Family & Divorce Lawyer, Doyle’s Guide 2018 and Louise Carter, Senior Associate, Pearson Emerson Meyer
2.45pm to 3.30pm: Trust and Company Law Issues for Family Lawyers
- The financial conflict created by sham trusts and company arrangements
- Trusts, companies and family businesses checklist: tax risks for family lawyers
- Untangling the discretionary trust: valuing the trust and trust assets
- Divorcing a spouse from a company or trust: the tax issues
Presented by Chris Bevan, Barrister, Eight Wentworth Chambers
3.30pm to 3.45pm Afternoon Tea
3.45pm to 4.30pm: Tax Implications for Property Settlements
- Review of tax and duty rollovers
- Division 7A and other tax issues in moving assets out of family companies and family trusts
- Avoiding tax troubles when drafting property orders
- Practical examples and case study
Presented by Greg Vale, Principal, Vale Legal
4.30pm to 5.15pm: Financial Documents: What Family Lawyers Need to Look for and the Implications
- What you can discover from the personal tax return of a party and what to do with it
- What to look for in tax returns and financial accounts of companies, trusts and self managed funds: the implications and what to do with it all
- Looking out for potential tax issues arising from a property settlement and the implications for the Court Balance Sheet
Presented by Gayle Meredith, Principal, Gayle Meredith Lawyers