CANCELLED: Trusts Essentials and Estate Planning Conference 2020
Clients are now seeking more complex advice on trusts and estate planning – from unexpected family circumstances, to changing business needs to new tax legislation. Keep updated at this year’s Trusts Essentials and Estate Planning Conference, to provide your clients with advanced and customised tax solutions for their trusts and estate planning structures, to better protect their assets in life and after death.
Description
Attend the full day and earn 6.5 CPD units
FASEA CPD Allocation: 6.5 hours in Technical Competence
All our conferences are able to count towards your CPD hours in accordance with the regulations of any industry association including CA ANZ, CPA and more. Click here to view your organisations' rules.
Session 1
Trusts Essentials
Chair: Antoinette Tatarelli, Partner, PKF Adelaide
9.00am to 9.50am: Interplay Between Trusts and SA State Taxes: Tips and Traps
- Land tax: current state of play
- Stamp duty: when is an in-specie distribution of dutiable land exempt?
- Foreign ownership surcharge: when is a trust a foreign trust?
Presented by Andrew Burns, Manager, HLB Mann Judd
9.50am to 10.45am: Tax Threats to Trust Structures: Dealing with Section 100A Reimbursement Agreements and the Current Changes to Div. 7A Development
- Reimbursement agreements
- Current ATO position and compliance activity
- What elements are required before Section 100A may be triggered?
- What does ‘ordinary family or commercial dealings’ mean?
- What are the tax consequences of Section 100A applying?
- How is future tax planning impacted?
- Division 7A:
- Current legislative developments
- Current ATO positions and guidance
- How are pre December 1997 loans and pre December 2009 UPEs to be managed moving forward?
- Are Div. 7A complying 25 year secured loan agreements still relevant?
- What planning is required?
Presented by Michael Butler, Tax & Revenue Partner, Finlaysons
10.45am to 11.00am Morning Tea
11.00am to 11.55am: Trusts, Families & Death: Unforeseen Possible Tax Nightmares
- Cash payments during the year but beneficiary dies before 30 June - what happens?
- Can a discretionary trust distribute to a deceased estate? Yes, no & Maybe!
- Family trust elections (FTEs) are treated cautiously, but what are the dangers of making an interposed entity election (IEE)?
- Exploring these issues using real life client cases
Presented by Clifford Hughes, Principal, Clifford Hughes & Associates; Accredited Specialist in Taxation and Business Law; Chartered Tax Adviser
11.55am to 12.45pm: Non-Resident Beneficiaries and Resident Trust Estates: Practical Tips for You and Your Clients
Decisions relating to corporate residence have, among other developments, added to the complexities in dealing with non-resident beneficiaries and trusts. This session will alert you to important changes and guide you through areas of particular difficulty including:
- Foreign resident and resident trust estate definitions
- Impact of Double Tax Agreements
- Income tax assessment through Division 6 and trustee withholding
- Treatment of capital gains
- Recent ATO interpretations
- Constraints on foreign beneficiary asset acquisition or retention
Presented by John Tucker, Director, DW Fox Tucker Lawyers
Session 2
Estate Planning Strategies
Chair: Julie Van der Velde, Principal, VdV Legal; Chartered Tax Adviser
1.30pm to 2.30pm: CASE STUDY: Strategic Structuring for Estate Planning: Structuring Strategies to Assist in the Successful Maintenance and Succession of Assets
- How structuring advice can limit a client’s:
- personal risk
- business exposure
- Why getting the structures right is essential in providing estate planning solutions and solving issues within the estate plan
- The threat of estate litigation and the pros and cons of strategies to avoid it
- Common structuring traps that practitioners should be wary of
Presented by Jeremy Duffy, Principal, Duffy Legal
2.30pm to 3.30pm: A Practical Approach to Commercial and Tax-Effective Succession Outcomes: Complex Wills and Estate Planning Considerations
- Dealing with unpaid present entitlements and credit loans
- Gifts of shares in private companies
- Utility of taxation adjustment clauses: how to impact achieve equality between beneficiaries
- Rights to occupy vs life interests
- Testamentary trusts:
- Taxation of income to minors in light of 2018 Federal Budget changes
- Capital distributions
- Vesting date and jurisdiction
- Practical tips on estate planning with foreign resident beneficiaries
Presented by Emily Anderson, Associate, Cowell Clarke
3.30pm to 3.45pm Afternoon Tea
3.45pm to 4.45pm: Estate Planning and Family Law: What Accountants Need to Know
- Past and future inheritances in family law disputes
- Use of financial agreements
- Impact of separation and divorce on existing estate planning
- Impact of relationship breakdown on joint tenancy ownership
- Superannuation death benefits and former partners
- Mutual and statutory Wills: why they matter
Presented by Gregory Welden, Principal, Welden & Coluccio Lawyers
Venue
Stamford Plaza Adelaide Hotel
Level 2, 150 North Terrace
Adelaide 5000
SA
Australia