Author Description

Death & Taxes : Tax Effective Estate Planning will help you to plan and prepare better outcomes for your clients through an enhanced understanding of the impact of tax laws on all assets controlled by an individual at death. This consolidated guide to managing the affairs of the deceased will give you the confidence to advise on estate planning and the tax consequences of death. Addresses the recent reforms in the taxation of trusts, as they relate to deceased estates and testamentary trusts. Highlights developments in estate planning, especially regarding business succession and superannuation income streams, including the controversial new administrative approaches being adopted by the Australian Taxation Office. Includes a new chapter on philanthropy and private and public ancillary funds, in light of the growing importance of charitable giving in estate planning. Discusses the withdrawal of Tax Office guidance to executors about their potential liabilities for the deceased's tax obligations.