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Mastering testamentary trusts

Course ID WN210301_WEP1

  • Webinar
  • 4
  • Foundation
  • 3.5 CPD POINTS

Are you looking to build on your understanding of common testamentary trusts so you can provide precise and accurate advice to your clients? 

Take your knowledge to the next level and master the skills and risks when drafting and preparing testamentary trusts.

At the end of this live webinar you will: 

  • Receive an overview of the types of testamentary trusts and when to use them
  • Build on your skillset to understand tax advantages or tax traps
  • Fine-tune your knowledge on asset protection features for different testamentary trusts
  • Master trustee duties and powers and the rights of beneficiaries
  • Attain critical knowledge to draft and prepare testamentary trusts 

Facilitated by Robert Monahan, Accredited Specialist in Wills and Estates, Monahan Estate Planning

Feedback from past attendees: 

  • “Fantastic presenter – probably best I’ve been to.”
  • “Very comprehensive information imported by presenter. Very glad I attended.”
  • Having one lecturer for half a day was a great format. It really felt comprehensive, given the complex nature of testamentary trusts.”
  • Robert Monahan is a very skilled facilitator, he has a knack of bringing all aspects of wills and estates law into a seminar of testamentary trusts.”
  • Robert is very generous with his knowledge. It was very practical.”

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The time listed for this course is Australian Eastern Daylight Savings Time (AEDT). Please take note of any time differences if you are registering from QLD, WA, SA, NT or from outside Australia. 

Price

Full Price $346.50

Alumni/Member Price $311.85

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Dates

Start date:

02 March 2021

End date:

02 March 2021

Time:

9.30am AEDT - 1.30pm

    About This Course

    Overview

    9.30am: Login and Welcome

     

    9.35am: Introduction and overview

     

    9.40am: Testamentary trusts and taxation
    • Tax traps
    • The issues surrounding GST, capital gains and stamp duty
    • Testamentary trusts and asset protection
      • Protect beneficiaries for themselves
      • Protect beneficiaries from claims by creditors or estranged spouses
      • Maintain capital for more than one generation of beneficiaries

     

    10.40am: Stretch break

     

    10.45am: Complexity vs knowledge and approval
    • Drafting issues
    • Superannuation issues
    • Issues around family trusts and other structures used by clients

     

    11.45am: Stretch break

     

    11.50am: Case study and drafting testamentary trusts
    • Factual scenario
    • Matters to consider
    • Practical drafting exercises

     

    1.30pm: Close

     

    Designed for

    This live webinar is recommended for solicitors in NSW. It is aimed at practitioners in general practice, advanced practitioners looking to upskill, probate lawyers, family law practitioners, financial planners, accountants and more.

    This webinar is produced in NSW and features a NSW-based practitioner. The webinar is available to all NSW based practitioners.

     

    Claiming CPD units

    If you intend to claim CPD units for this educational activity, please note that CPD activities are not accredited by the Law Society of NSW or any other equivalent local authority, with the exception of Western Australia. If this educational activity extends your knowledge and skills in areas that are relevant to your practice needs or professional development, then you should claim one (1) "unit” for each hour of attendance, refreshment breaks not included. The annual requirement is ten (10) CPD units each year from 1 April to 31 March. Some practitioners, such as accredited specialists are required to complete more than ten (10) units each CPD year. If you are in any doubt, you should check your local rules. If you practise in Western Australia, please check local rules regarding interactive activities and note that the College of Law is recognised by the Legal Practice Board of WA as a QA provider of CPD.

     

    Mandatories Covered

    The program covers the mandatory requirement of professional skills and substantive law.

     

    Presenter biography

    Robert Monahan Robert Monahan Accredited Specialist in Wills and Estates, Monahan Estate Planning

    After many years in private partnership and corporate legal environments, in 2014 Robert established Monahan Estate Planning, a boutique practice where Robert and his daughter Julia specialise in Estate Planning, and Wills & Estate Law generally. Robert consults with accountants, financial advisors and other lawyers to deliver estate planning services to their clients – see www.MonahanEstatePlanning.com.au

    Since 1998 Robert has been a Law Society Accredited Specialist in the area of Wills and Estate Law. Robert is the General Editor of the Lexis Nexis Estate Planning Service, a regular contributor to the Retirement & Estate Planning Bulletin, and an author of a number of other publications dealing with Estate Planning.

     

    Filming and Photography

    Please be aware that this webinar organised by the College of Law may be recorded for use on our websites, marketing materials and publications. By attending and participating in a College of Law Continuing Professional Development course, you consent to the College of Law photographing or recording and using your image and likeness and/or voice.

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