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Life estates presentation

Member Price: Free
Non Member Price: $15.00

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Published on 08 Aug 12 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

This presentation examines some of the issues to be considered by an estate planner when considering the use of life estates and whether this approach still has a role in the modern will. The presentation considers some of the general issues relating to testamentary trusts:

  • nature of life interests and reversions
  • capital gains tax and life estates
  • practical application of taxation ruling TR 2006/14
  • advantages of the testamentary trust with life and reversionary interests
  • aset protection and testamentary trusts
  • the master trust concept role of family agreements in the estate plan.

Author profiles

Emma Munro CTA
Emma Munro, CTA, is a senior associate at Munro Lawyers and was admitted as a solicitor in 1998. Emma’s areas of practice include tax disputes and resolution, state taxes and duties, tax and estate planning, self managed superannuation, wills and probate, trusts, and not-for-profit entities (including private ancillary funds). - Current at 10 May 2021
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Kevin Munro
Kevin Munro is a solicitor and principal of Munro Lawyers. He has 40 years’ experience in tax and superannuation, forming his own firm, Munro Lawyers (initially called Kevin Munro & Associates) in 1994. Kevin provides advice to clients, particularly professional firms and their clients, in respect of tax planning, superannuation, estate planning and wills, and he regularly acts as a consultant for other professional firms. Kevin is active in professional education and gives lectures and workshops for various professional organisations. He was a member of the NSW Law Society’s Advisory Committee for Small Business Accreditation. Kevin is a Certified Tax Practitioner of the Tax Institute and a fellow of the Society of Trustees and Estate Planners. Kevin also holds a Masters Degree in Commerce, a Bachelors Degree in Agricultural Economics and Diploma of Law, and is a 1979 Churchill Fellow. - Current at 21 July 2017
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This was presented at Estate and Business Succession Planning 2012 .

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

Individual sessions

Superannuation death benefits and reversionary pensions

Author(s):  Bernie O'SULLIVAN

Materials from this session:

Superannuation and estate planning

Author(s):  Michael HALLINAN

Materials from this session:

Use of testamentary trusts in estate planning

Author(s):  Dung LAM

Materials from this session:

How to structure a business succession plan Parts 1 and 2

Author(s):  Peter BOBBIN

Materials from this session:

Multi jurisdictions and estate planning

Author(s):  John BALAZS

Materials from this session:

Life estates

Author(s):  Emma Munro,  Kevin J MUNRO

Materials from this session:

Further details about this event:

 

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