This paper covers:
- practical Issues for the professional executor
- death & the will
- securing the assets
- probate, collection of assets & paying debts
- joint tenants vs tenants in common
- deceased estate, income tax obligations and the distribution of assets
- income tax
- accounts
- present entitlement
- concessional tax rates
- capital gains tax
- main residence exemption
- losses – capital and revenue
- life tenancies
- companies
- superannuation and life insurance policies
- testamentary trusts
- potential conflict of interest.