SMSF Estate Planning Decisions: putting a client's estate planning in place

Course ID ID16005_WEP

  • Online
  • 2
  • Intermediate
  • 2 CPD POINTS

The decision-making process for members of a self-managed superannuation fund (SMSF) starts the moment they establish an SMSF or join an existing SMSF.  It continues as contributions and investments are made, pensions are commenced and decisions are made as to how best to deal with the prospect of death benefits tax. It concludes with the process of paying death benefits as either lump sums or the two key pension options. This presentation focuses on the planning opportunities that can be utilised, as well as the potentials pitfalls of failing to address the key planning issues.

Prior to purchase please see the information below for system requirements.

College of Law Alumni and Law Society Members receive a 10% discount on the price.

Price

Full Price $240.00

Alumni/Member Price $216.00

Dates

Start date:

01 April 2016

End date:

30 June 2017

About This Course

Outline

SMSF Estate Planning Decisions (1)

  • Impact of asset ownership on estate planning
  • Comparison between SMSFs & APRA supervised funds
  • Comparison between SMSFs & personally owned assets
  • Comparison between SMSFs & unallocated net assets in family trusts

SMSF Estate Planning Decisions (2)

  • Key SMSF estate planning decision making points
  • 2 parallel case studies (with 6 scenarios each)
  • Choice of SMSF membership
  • Corporate v individual trustees
  • Tailoring SMSF deeds & trustee company constitutions
  • Impact of LRBAs on estate planning decisions

SMSF Estate Planning Decisions (3)

  • Reversionary v non-reversionary pensions
  • Standard account based reversionary pensions
  • Life interest account based reversionary pensions
  • Planning to avoid death benefits tax
  • Conditions of release
  • Pre death lump sums
  • Pre death maximum pensions

 

Designed for

This seminar complies with the mandatory requirement of Substantive Law .

 

Presenter

Nathan Yii

Nathan provides legal advice and services to accountants, financial advisors, legal practitioners and their respective clients in the areas of Asset and Wealth Management.  A key feature of Nathan's practice is to ensure that his clients are provided with a clear understanding of how they may best utilise the options available to them.  Nathan's particular focus is to ensure that the complex laws that govern these areas are distilled down to a form that clients can readily understand and apply to their advantage. 

Nathan's experience extends to advising on acquisitions, tax-effective structuring, restructuring and succession of the SME businesses and investments of high net worth individuals.  In providing legal advice, Nathan has particular regard to the taxation implications such as CGT, income tax, state duty and GST, as well as issues such as family law risk, future creditor risk and risk of family dispute.  As part of his practice, Nathan advises on SMSF compliance and transactions including limited recourse borrowing arrangements and strategic planning.  Nathan also implements estate planning and business succession strategies for his clients.

Via Estate Planning EQUATION, Nathan is involved in the teaching of the superannuation, trusts and estate planning subjects for professional associations.  Nathan is also a regular presenter for practitioner discussion groups and a writer for professional journals in his areas of interest and expertise.

Nathan has a Bachelor of Commerce (Accounting) and a Bachelor of Laws (Hons) from the University of Melbourne.  He is currently completing his Master of Laws at the University of Melbourne and has taken a focus on taxation and superannuation law in the Melbourne Law Masters programme.

Professional Memberships:

  • Law Institute of Victoria (LIV)
  • Self-managed Superannuation Funds Professional's Association of Australia (SPAA)
  • Tax Institute of Australia (TIA)

 

Delivery

Please check the technical requirements for accessing this online  seminar contained here.

Once registered we will send  you the access information you will need to log on to our Learning Portal from where you will be able to view the seminar.