In the ever-evolving legal landscape, a standard will may fall short of meeting diverse client needs. Stay ahead by mastering the nuanced art of testamentary trust drafting, navigate diverse styles and precedents, and delve into specific clauses to ensure that your drafting caters effectively for unique client requests. Additionally, explore the intricacies of various taxes and uncover strategies to optimise your clients’ tax outcomes.
Professional Skills
9.00am to 11.00am Elevating Your Testamentary Trust Drafting
- Negotiating different drafting styles
- Different precedents available in the market
- Blending precedents/styles
- Should the testamentary trust terms be separated in a schedule?
- Client-friendly drafting
- Drafting techniques for different types of testamentary trust
- Bare trusts
- Special disability trusts
- Testamentary discretionary trusts
- Superannuation proceeds trusts
- All needs protective trusts
- Lineal descendants trusts
- Specific clauses under the microscope
- Trust terms
- Officeholder provisions
- Definitions
- Catering for legislative differences between States
- Bespoke drafting for unusual client requests
Description
Attend and earn 3 CPD units including:
2 units in Professional Skills
1 unit in Substantive Law
This program is based on WA legislation
11.00am to 11.15am Morning Tea
11.15am to 12.15pm Lowering the Tax Bill
- Transaction taxes for vesting assets out of testamentary trusts
- Capital gains tax
- Duty (WA)
- Other tax issues
- Land tax (WA)
- Non-resident trustee/beneficiary taxing points
- Excepted trust income
Presented by Lisa Monaco, Associate Director, Birchstone Tax Law; Recommended Wills, Estates & Succession Planning Lawyer – WA, Doyle's Guide 2023
Presenters
Lisa Monaco, Associate Director, Birchstone Tax Law
Lisa’s professional background includes a couple of years of family law practice in regional Western Australia. However, Lisa soon realised that she preferred death over divorce. Since that time, Lisa has specialised in estate planning, and its necessary companion, deceased estates. She routinely works with high net-worth individuals and their family groups to develop their succession strategies
