Gain invaluable insights into critical aspects of estate planning. Explore the complexities of mutual will agreements and learn to avoid pitfalls to safeguard your clients' interests. Discover best practices for business succession planning, focusing on critical components that should be included in succession agreements. Explore advanced estate planning techniques designed to protect vulnerable beneficiaries, including strategies for minors, those at financial risk, and individuals facing relationship or health challenges. This is the opportunity to enhance your expertise with practical insights and forward-thinking strategies to better serve your clients.
Description
Attend and earn 3 CPD units in Substantive Law
This program is applicable to practitioners from all States & Territories
Chair:
Laura Hanrahan, Special Counsel, Hall & Wilcox; Leading Wills, Estates & Succession Planning Lawyer – Queensland, Doyle’s Guide 2023
3.00pm to 4.00pm Testamentary Planning for Business Succession
- Testamentary plans for business succession: what should be included in a succession agreement
- Dealing with business property
- How should a personal controlling interest in the business be dealt with in a will
Presented by Paige Edwards, Special Counsel, McCullough Robertson; Accredited Specialist in Succession Law
2.00pm to 3.00pm Mutual Will Agreements: Curse or Blessing
Whether you love them or hate them, couples at times enter into mutual will agreements without advice or any formal documents. Like a hidden rash they are out there. In this session you will learn how to avoid these secretive mutual will agreements and when to consider drafting a more formal and certain one.
- The legal elements of a mutual will agreement
- Their advantages and disadvantages
- Remedies for beneficiaries of mutual will agreements
- Alternative or complementary solutions
Presented by Bryan Mitchell, Principal, TEP, Mitchells Solicitors; Accredited Specialist in Succession Law; Preeminent Wills, Estates & Succession Planning Lawyer – Queensland, Doyle’s Guide 2023; Leading Wills & Estates Litigation Lawyer – Queensland, Doyle’s Guide 2023
4.00pm to 5.15pm Afternoon Tea
4.15pm to 5.15pm Estate Planning for Vulnerable Beneficiaries
Explore the use of testamentary trusts to protect assets for vulnerable beneficiaries. The session will also examine the use of restrictive trusts and the rights of disgruntled beneficiaries to challenge an estate or trust structure.
- Trusts for minor beneficiaries
- Financially vulnerable beneficiaries
- Beneficiaries at risk of relationship breakdown or bankruptcy
- Disabled or incapacitated beneficiaries
Presented by Patrick Ellwood, Director, Clover Law
Presenters
Laura Hanrahan, Special Counsel, Hall & Wilcoxx
Laura practices exclusively in the areas of superannuation, estate planning and administration. She spends her days assisting family's in making decisions and documenting their estate plans. Laura has a background that includes family law, business services and taxation and is experienced in dealing with the variety of issues associated with preparing comprehensive estate plans for clients. A member of the Society of Trust and Estate Practitioners and the SMSF Professionals' Association of Australia, Laura regularly presents papers on relevant superannuation and estate matters to various industry audiences. When she's not assisting other familys' she can be found assisting her own family, her two children and husband.
Bryan Mitchell, Principal, TEP, Mitchells Solicitors
Bryan Mitchell TEP FTI is the managing director of Mitchells Solicitors. He is an Accredited Specialist in Succession Law. Bryan & his firm are recognised leaders in Estate Planning and Estate Litigation in Australia. His practice works almost exclusively in the areas of Wills, Estates, Trusts & Elder Law. Bryan is a regular presenter. He is the recipient of the Society of Trust & Estate Practitioners (“STEP”) Australia Masters Award 2023; immediate past Chair of STEP Australia; former Chair of STEP Queensland; Deputy Chair for the Queensland Law Society (“QLS”) Succession Law Policy Committee; Deputy Chair of the QLS Succession Law.
Paige Edwards, Special Counsel, McCullough Robertson
Paige is a Special Counsel in the Estates team, practicing exclusively in the area of succession law since her admission in October 2012. Paige practices primarily in estate planning and structuring for high net worth clients with complex structures as well as for blended families, families with children with special needs or individuals with difficult personal situations. As part of the practice, Paige acts for individuals from diverse backgrounds, professional trustee company organisations, other law firms, charities, government organisations and departments, accountants and financial advisors. Paige is also an integral member of the McR Private team, supporting our family office and private clients.
Patrick Ellwood, Director, Clover Law
Patrick Ellwood is the founder of Clover Law and has over a decade of experience assisting high net worth individuals and business owners with their tax, estate planning and asset protection needs. He is a regular speaker for a range of private and professional bodies and is a published author. Patrick is passionate about helping families and business owners grow their business, protect their assets and ultimately achieve maximum value upon their retirement.
