Testamentary Trust Workshop
In the ever-evolving legal landscape, a standard will may fall short of meeting diverse client needs. Stay ahead by mastering the nuanced art of testamentary trust drafting, navigate diverse styles and precedents, and delve into specific clauses to ensure that your drafting caters effectively for unique client requests. Additionally, explore the intricacies of various taxes and uncover strategies to optimise your clients’ tax outcomes. 246W07
Description
Attend and earn 3 CPD units including:
2 units in Professional Skills
1 unit in Substantive Law
This program is based on WA legislation
Enhance your drafting proficiency for various testamentary trusts
Equip yourself with knowledge of other state legislations
Strategically minimise tax implications for your clients
Work through real world scenarios and case studies
Professional Skills
9.00am to 11.00am Elevating Your Testamentary Trust Drafting
- Negotiating different drafting styles
- Different precedents available in the market
- Blending precedents/styles
- Should the testamentary trust terms be separated in a schedule?
- Client-friendly drafting
- Drafting techniques for different types of testamentary trust
- Bare trusts
- Special disability trusts
- Testamentary discretionary trusts
- Superannuation proceeds trusts
- All needs protective trusts
- Lineal descendants trusts
- Specific clauses under the microscope
- Trust terms
- Officeholder provisions
- Definitions
- Catering for legislative differences between States
- Bespoke drafting for unusual client requests
11.00am to 11.15am Morning Tea
11.15am to 12.15pm Lowering the Tax Bill
- Transaction taxes for vesting assets out of testamentary trusts
- Capital gains tax
- Duty (WA)
- Other tax issues
- Land tax (WA)
- Non-resident trustee/beneficiary taxing points
- Excepted trust income
Presented by Lisa Monaco, Associate Director, Birchstone Tax Law; Recommended Wills, Estates & Succession Planning Lawyer – WA, Doyle's Guide 2023
Presenters
Lisa Monaco
Lisa’s professional background includes a couple of years of family law practice in regional Western Australia. However, Lisa soon realised that she preferred death over divorce. Since that time, Lisa has specialised in estate planning, and its necessary companion, deceased estates. She routinely works with high net-worth individuals and their family groups to develop their succession strategies
Venue
Parmelia Hilton
Level 1, Meeting Room, 14 Mill Street
Perth 6000
WA
Australia
Directions
Nearby Public Transport:
Train Stations - The Esplanade Station
Bus Interchange - St Georges Terrace Cloisters Green
Parking information
Parmilia Hilton - Valet Parking only - Click here to view rates.
Convention Centre - 100 metres from Parmelia Hilton. Click here to view rates.