2013

Death, Divorce and Taxes: Protecting the Family Jewels

Source: New South Wales

Published Date: 19 Feb 2013

 
  • There is a Chinese saying to the effect "wealth does not pass through three generations. After the first generation makes the money, the second enjoys it and the third loses it."? Given that we live in a litigious society and statistics indicate that every third marriage in Australia ends in divorce, we may need to revise this saying. Many advisers, be it lawyers or accountants, have clients who have accumulated substantial wealth over their working life.
  • As a result the most common questions asked are:
  • How can I protect my hard earned wealth, whether it is a business, investments or the family home from litigation?
  • My child is getting married. How do I assist them in getting a start without exposing assets to their spouse?
  • What is the real tax cost of divorcing and is there a smarter way to deal with property settlements?
  • What is the overall tax impact of all my complex structures in the event of my death?
  • How can I ensure my wealth endures and is dealt with in a manner I consider prudent when I die? Are testamentary trusts the solution?
  • This seminar aimed to assist advisers to navigate such difficult questions and help them help their clients.

The divorce: Tips and traps to ensure a tax effective separation

Author(s): Peter Bobbin CTA

At death - What are the tax issues?

Author(s): Neil Wickenden CTA

What are your responsibilities if you agree to become an Executor?

Author(s): Donal Griffin

Details

  • Published On:19 Feb 2013
  • Took place at:Sofitel Sydney Wentworth

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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