In the modern era estate planning has become a far more significant issue than just making a Will. This is because business people in particular are more aware that a significant proportion of their wealth is unlikely to vest in their estate. Two classic examples of this are assets owned by a trust and superannuation benefits. The binding death benefit nomination in the superannuation context is a relatively new development which is addressed in detail in these seminar materials.
This seminar also addressed the issues that arise in effective Will making, both from a commercial and taxation perspective.
One matter often overlooked is that an estate can exist for many years following the death of the testator. The seminar also focusses on the taxation issues that arise in the course of estate administration as well as advance planning consideration.