Estate Planning & Blended Families Workshop - Melbourne

Tax-effective planning to minimise disputes between competing beneficiaries: tips, traps and a practical study.


 

Estate and succession planning involving blended families has its challenges.  An individual often wishes for their second spouse to be looked after, but wants to ensure the children from the first relationship are not left out. 

This workshop will highlight the challenges of dealing with competing beneficiaries’ interests, but highlights different options which are available to the individual to provide for their beneficiaries in the most tax-effective manner.  A detailed case study involving a blended family’s ownership structure and options available to them to “carve up the pie” will be discussed to encourage tax advisors to be proactive in achieving their clients’ estate and succession planning objectives, particularly where there are competing beneficiaries’ interests in the blended family context.  
 

Topics covered:

  • Challenges and issues in blended families including competing beneficiaries’ claims to estate assets
  • Use of life interests for the second spouse and the taxation issues associated with life interests 
  • An overview of family provision laws and what a second spouse may be able to claim against the estate;
  • Minimising risks of disputes between the second spouse and the children from the first relationship
  • Tax-effective use of superannuation death benefits in a blended family context
  • Use of other tools including mutual Wills and other binding financial agreements to protect assets for the children from the first marriage 

 

Learning objectives:

  • Identify potential risks and issues in a blended family context
  • Evaluate the tax-effectiveness of the distribution of wealth between the second spouse and the children from the first relationship
  • Identify opportunities when legal professionals need the input from tax professionals in an estate planning context involving blended families 
Suitable for: Accountants, financial planners, other advisors

Level: Intermediate

CPD hours: 2
Price: $180 for member, $235 for non-member
Certification is provided upon completion


 

Presented by: Nathan Yii

           

            
Nathan Yii is an experienced structuring and estate planning lawyer and is recognised in Doyles’ Guide as a leading Wills, Estates & Succession Planning Lawyer in Victoria. He works with accountants, financial planners and other lawyers to achieve their clients’ structuring and estate planning objectives, factoring in taxation, asset protection, SMSF compliance and dispute prevention. He consults to family businesses and family offices of high net worth individuals around Australia and also acts for clients in trusts and estate dispute matters. Nathan is a regular presenter and shares his insights with financial and legal practitioners. He is Chartered Tax Advisor, an SMSF Specialist Advisor and a lecturer in the College of Law’s Master of Laws program and holds a Bachelor of Commerce (Accounting), a Bachelor of Laws (Hons) and a Master of Laws. 
When
30/05/2019 10:00 AM - 30/05/2019 12:00 PM
Where
Karstens Melbourne
123 Queen St
Melbourne, VIC 3000 Australia

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