8:00am - 8:30am Registration (tea and coffee upon arrival)

 

Topic 1: Succession Planning for Family Trusts

 

8:30am - 9:30am

 

With the increasing level of wealth held in family trusts, it is important for advisers to be aware of succession planning strategies for assets held in a trust environment.

 

This session will explain some of the common strategies being implemented for ensuring control of family trusts pass as intended:

 

• Understanding successor trustee, appointor and principal provisions;

• Trust 'cloning' or 'splitting';

• Tailored constitutions and family constitutions; and 

• Common mistakes when dealing with discretionary trusts.

 

Topic 2: Fixed Trusts and Unit Trusts - Is there a difference and does it matter?

 

9:30am - 10:30am

 

This session explores one of the most problematic issues currently faced by advisers using unitised trust instruments – whether a unit trust or a fixed trust.

 

Practical recommendations will be provided while exploring all the key issues, including:

 

• What is a unit trust?

• What is a fixed trust?

• When are fixed trusts actually needed?

• How to legitimately convert a unit trust to a fixed trust

• Understanding the tax, stamp duty and superannuation implications

 

Morning Tea and Networking 10:30am - 11:00am

 

Topic 3: Structuring Family Trusts for Asset Protection

 

11:00am - 12:00pm 

 

Asset protection is a key issue for many high net worth individuals and business owners and trusts have been the vehicle of choice for a number of years.

 

Recent cases have created concern regarding the level of protection that testamentary trusts truly provide and this session will explore:

 

• 'Best practice'; recommendations for structuring beneficiaries, appointors, principals and trustees where asset protection is a concern;

• The impact of family breakdown on trust structures;

• Dealing with bankrupt beneficiaries and trustees;

• Dealing with the 'domino effect'; and 

• Recent case law and case studies in relation to asset protection risks.

 

Lunch and Networking 12:00pm -12:45pm

 

Topic 4 - Trust Horror Stories

 

12:45pm - 1:45pm

 

Many specialist advisers have business plans that consist of one word - 'trusts'

 

A significant reason for this is the myriad of seemingly never ending problems with trust deeds. 

 

This session will explore numerous trust 'horror' stories that View and the NowInfinity platform have helped resolve, and she with the aim of helping avoid similar problems arising in the future. Case studies include:

 

• The one day trusts;

• The missing beneficiary;

• When 1 trust become 2; but no-one knew it;

• 15 years of failed trust distributions; and

• 1 trust, 2 deaths and 3 tax bills.

 

 

Q&A with the presenters

 

1:45pm - 2:15pm

 

Networking Drinks 2:15pm - 3:15pm