Achieving harmony within estates – 2019 WA Estate & Succession Planning Intensive



With 2018 bringing about more legislative changes in key estate planning areas, than the past 30 years combined, estate and succession planning is high on practitioner’s radars.

This year’s WA Estate & Succession Planning Intensive touches on a number of hot topics. Here we will look at two of the ten sessions and speak with the presenters.

Opening the Intensive, Sally Bruce (Jackson McDonald) presents ‘Succession planning, how to achieve harmony between estate and non-estate assets’. A crucial factor when advising on an overall succession plan, Sally explains ‘my session will identify strategies for both estate and non-estate assets and how to achieve harmony between them. Trust succession will be covered in some detail and include a look at controlling positions, shareholder agreements, trust amendments, resettlement issues and associated tax and duty implications. My session will inform delegates about the myriad of issues which their clients need to consider when putting together a succession plan.’

Sally is a Special Counsel with Jackson MacDonald Lawyers. She has over 20 years’ experience in estate planning and works closely with clients to develop tailored plans, including multi-generational solutions for the firm’s high net worth clients. Sally’s estate planning practice is complemented by her work in the field of estate litigation and she has been involved in numerous family provision claims and solemn form probate matters. Her experience in this area helps her to identify potential pitfalls at the planning stage and minimise the risk of a challenge. Sally has been presenting for The Tax Institute since 2013 and has a dog, Bo whom she enjoys pottering around in the garden with.

After lunch, long-time presenter and Institute member, Loreena Gillon, CTA (Arithmos Chartered Accountants) will present ‘Administering deceased estates – A practical perspective’.

The taxation and administration implications of deceased estates with different types of assets, obligations and family dynamics, result in various issues for advisers to consider. Loreena says ‘Practitioners being aware of the potential issues that can arise upon death is one of the most valuable ways of servicing your clients. Careful planning prior to death often results in issues being prevented before they arise. My session will cover the tax nuances that come with dealing with deceased estates, in particular the different tax treatment for assets together with the impact of specific clauses in a will. All can have unintended capital gains tax consequences to the deceased estate and its beneficiaries.’

Loreena is a Chartered Tax Adviser (CTA) and has been a member of The Tax Institute since 1997. She is the director of boutique firm, Arithmos Chartered Accountants, which has been operating in West Perth for 21 years. Her practice has a client base of predominantly professionals, all of whom operate and manage their affairs through various structures. Deceased estates are Loreena’s area of special interest and she regularly presents on the topic. Loreena is a keen Wildcats basketball supporter.

These are just two of ten sessions being presented at the 2019 WA Estate and Succession Planning Intensive.

Find out more about the other sessions being held across two days, Thursday 21 and Friday 22 February, on our website. Early bird pricing closes Friday 1 February.

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