The presenters discussed recent developments and new cutting edge structures and strategies.
The tax issues arising on death of a taxpayer were extensively examined with emphasis on the treatment of real property and in particular the main/principal place of residence exemption.
These days clients do not just want their Wills drafted but also require estate planning advice from their advisors. With many different structures and strategies in the market place including the possibility of incorporating superannuation into the estate planning process, it is essential that practitioners regularly update their knowledge base in this area in order to continue to provide clients with up-to-date estate planning advice.
Business Wills and business succession planning are equally as important in the case of both family and non-family businesses. With so many changes to the tax law, it is important that practitioners keep informed of all the developments in this area.