2 CPD Units in Practice Management/Business Skills
Presenter: Allan Swan - Estate Planning Equation – Preventative Law
Estate Planning – Sealing the Cracks
“Cracks” can include family trusts, superannuation & joint tenancies
Estate Planning & Incapacity
The reality for many Australians is that they will lose their capacity to make financial decisions before they die, too often resulting in a void as personal, SMSF, family trust & business decisions need to be made. The focus of this webinar is anticipating that possibility.
Decision making when incapacity occurs
- Powers of attorney – financial, medical treatment & care
- Financial administrators & guardians
- Informal or opportunistic decision making
Financial attorneys – personal estate
- Financial support of adult vulnerable children
- Payment of education expenses, eg for grandchildren
- Retention of specific assets
Financial attorneys – superannuation
- Renewing & changing lapsing binding death benefit nominations
- Control of SMSFs
- Avoiding death benefits tax
Financial attorneys – proprietary companies & family trusts
- Director v shareholder power
- Control of family trusts
- Trust income & capital distributions