Structures to build family wealth across generations

Tax-effective estate planning involving family groups with discretionary trusts and self-managed superannuation funds


Gone are the days where simple Wills and powers of attorney are used.  In this day and age, it is very common for family groups to have assets held in individual names, discretionary trust structures and self-managed superannuation funds.  Parties often ignore these structures as part of the estate plan, thinking that a Will should be able to deal with the whole lot. 

This workshop will highlight the importance of considering all structures in the estate and succession plan and how to minimise tax on the passing of wealth across to the next generation.  This workshop will equip tax advisors with the necessary tools and encourage questions to ask clients when dealing with estate and succession planning.  It will also encourage tax advisors to be proactive and work effectively with estate planning solicitors in the process.  A case study will be used to highlight these points.
Topics covered:

  • Passing control of family trusts in the estate plan 
  • Tax and duty implications and risks of resettlement on amending trust deeds and passing control
  • Controllers and how to minimize disputes between controllers of a family trust
  • Passing control of self-managed superannuation funds in the estate plan
  • The need to ensure the self-managed superannuation fund retains complying status on the death of a member
  • Dealing with death benefit payments: the who, how and what


Learning objectives:

  • Identify the planning requirements where family discretionary trusts and self-managed superannuation funds are part of the ownership structure
  • Identify potential risks and issues where control of family trusts and self-managed superannuation funds are passed
  • Evaluate the risk of tax being triggered on the passing of control of a family trust 
  • Evaluate the tax-effectiveness of a superannuation death benefit pay out on the death of a member and identify who may receive superannuation in the most tax-effective manner 
  • Identify opportunities when legal professionals need the input from tax professionals in an estate planning context involving family trusts and self-managed superannuation funds
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. 
15/08/2019 10:00 AM - 15/08/2019 12:00 PM
Karstens Melbourne
123 Queen St
Melbourne, VIC 3000 Australia

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