shopping_cart

Your shopping cart is empty

Incapacity: Who can sign the cheques? presentation

Member Price: Free
Non Member Price: $15.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced 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.

Published on 29 Jul 13 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

While clients and advisers often plan for death, little is generally done to deal with incapacity. With people living much long due to advances in medical science, incapacity caused by physical and mental illness, injury or trauma is a much more likely event than premature death. A client’s incapacity may have a significant impact on various matters including control of their assets, and much closer to home, providing instructions to advisers and paying their costs.

This presentation provides an overview of:

  • the arrangements that can be put in place while a person has capacity
  • the arrangements that can be put in place once a person becomes incapacitated
  • the new Advance Care Directives Act 2013 (SA) 
  • advisers as attorneys.

Author profile

Andrea Michaels
Andrea Michaels is the South Australian Minister for Small and Family Business, Consumer and Business Affairs, and Arts. She is also the State Member for Enfield, representing the community in Adelaide’s inner North and North-Eastern suburbs. Andrea’s family fled war-torn Cyprus in 1974, landing in South Australia in 1976 when she was just 11 months old with nothing but the clothes on their backs. Through her parents’ hard work, commitment to family and dedication to their community, Andrea was instilled with a passion for community service. She is now the proud mother of two boys, Sebastian and Charlie, and is keen to ensure that they and their peers are also provided with ample opportunities in a strong, diverse and thriving community. Prior to becoming a Minister, Andrea was running her own small business – a legal practice specialising in commercial law and supporting small and family businesses. She has also been Treasurer of the Law Society of SA, a company director, and a partner at industry leading law firms, as well as a chartered tax advisor and accredited family business advisor. Andrea is passionate about promoting diversity, supporting more women to launch and grow businesses, and building safe, fair and friendly communities. She is focused on ensuring the Government is easy to do business with, that small businesses are supported to succeed, and that the whole community has access to a thriving cultural and creative sector. Andrea is also committed to being a strong voice for the people of Enfield. - Current at 11 July 2022
Click here to expand/collapse more articles by Andrea MELILLO.

 

This was presented at Estate and Succession Planning .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Dealing with super in the estate planning context

Author(s):  Phil MCGOVERN

Materials from this session:

Incapacity: Who can sign the cheques?

Author(s):  Andrea MELILLO

Materials from this session:

Tools for tax effective pre-death structuring and succession planning

Author(s):  Ian SNOOK

Materials from this session:

Further details about this event:

 

Copyright Statement