The value of wealth transfers in Australia more than doubled between 2002 and 2018 according to the Productivity Commission and it is estimated to continue to increase significantly in the next decade. When clients are contemplating wealth transfers there are a number of considerations to be aware of spanning tax and estate planning with balancing family objectives, tax planning and asset protection all being essential elements of the process.
In this session we will discuss:
- Key changes in the landscape of intergenerational wealth transfer in recent years
- Understanding your client's structure, where control lies and what assets are actually owned
- Protecting wealth from relationship breakdowns down the lineal line
- Transitioning control of the family business - particularly when it operates via trusts
- Gift and loan back - a viable strategy?
Presenters
Bernie O’Sullivan
Principal
One of Australia’s leading estate planning lawyers, Bernie has over 40 years’ experience advising individuals, family groups and businesses on all aspects of estate and business succession.
Often acting as advisor to prominent families, Bernie’s knowledge of family trusts, superannuation and estate and elder law enables him to provide clear, practical solutions for clients with complex family and asset structures. He is often asked to provide a second opinion on existing succession plans.
View Bernie’s full profile here
Will Monotti
Senior Associate
Will is a senior associate in the business law practice group, where he works primarily on administration of estates, personal succession and estate planning.
He has experience in assisting clients with complex and technical estate planning, and provides clear, logical advice which is tailored to client needs and easy to understand.
View Will’s full profile here
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