9.30am: Welcome

9.35am: Introduction and overview 

9.40am: Introduction to testamentary trusts

• Contrast between will drafting and estate planning
• What is estate planning – the proper diagnosis
• Lawyers liability to will maker and beneficiaries

10.40am: Stretch break

10.45am: What is a testamentary trust and types of trusts

• Types of testamentary trusts overview
• Testamentary trusts and taxation
• The taxation differences

11.45am: Stretch break 

11.50am: Types of testamentary trusts 

• Minors trusts
  • Rules in Saunders & Vautier
• Life Interest trusts
  • Payment of outgoings
  • Adequate provision for a spouse?
  • Substitute accommodation provisions
• Special needs trusts
  • Distinguished from protective trusts
  • Social security implications
• Charitable trusts
  • Cy-pres doctrine
  • Taxation
• Discretionary trusts
  • Beneficiaries

12.50pm: Stretch break

12.55pm: Case Study

• Factual scenario
• Matters to consider

1.30pm: Close

This program is recommended for solicitors in NSW. It is aimed at practitioners in general practice, new lawyers, probate lawyers, family law practitioners, legal professionals who want to explore a new practice area, practitioners who would like to refresh their knowledge, financial planners, accountants and more.

This program is produced in NSW and features a NSW-based practitioner. This webinar is available to all NSW-based practitioners.

The time listed for this course is Australian Eastern Standard Time (AEST). Please take note of any time differences if you are registering from WA, SA, NT or from outside Australia.

Substantive Law – 1 Point

Professional Skills – 2 Points

If you intend to claim CPD units for this educational activity, please note that CPD activities are not accredited by the Law Society of NSW or any other equivalent local authority, with the exception of Western Australia. If you hold a practising certificate in a state or territory other than Western Australia and this educational activity extends your knowledge and skills in areas that are relevant to your practice needs or professional development, then you should claim one (1) "unit” for each hour of attendance, refreshment breaks not included. The annual requirement is ten (10) CPD units each year from 1 April to 31 March. Some practitioners, such as accredited specialists are required to complete more than ten (10) units each CPD year.

Practitioners holding WA practising certificates are not eligible to earn CPD points for this course.

Robert Monahan, Accredited Specialist in Wills and Estates, Monahan Estate Planning

After many years in private partnership and corporate legal environments, in 2014 Robert established Monahan Estate Planning, a boutique practice where Robert and his daughter Julia specialise in Estate Planning, and Wills & Estate Law generally. Robert consults with accountants, financial advisors and other lawyers to deliver estate planning services to their clients – see www.MonahanEstatePlanning.com.au

Since 1998 Robert has been a Law Society Accredited Specialist in the area of Wills and Estate Law. Robert is the General Editor of the Lexis Nexis Estate Planning Service, a regular contributor to the Retirement & Estate Planning Bulletin, and an author of a number of other publications dealing with Estate Planning.

"Most clients assume that lawyers are qualified to draft Wills and advise on estate planning generally. However, with the increasing complexity of asset structures and taxation issues, estate planning has become a growing specialist area. Knowledge of the use of testamentary trusts in estate planning is an essential knowledge area. This seminar looks at how testamentary trusts can be used to achieve positive outcomes for Willmakers and their beneficiaries."

Please be aware that video/audio recording may occur at professional development events organised by the College of Law for use on our website, marketing materials and publications. By attending and participating in a College of Law Continuing Professional Development course, you consent to the College of Law photographing or recording and using your image and likeness.