- CPD Points: 1.5 [PM] [SL]
- Price: $45.00
- Area: Administration of Estates; Estate Planning; Powers of Attorney; Succession Planning; Testators' Family Maintenance; Wills
- Delivered: March 2021
- Paper (Glossary of Terms)
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This session, conducted by a panel of local experts in the area, is a deep dive into the timeline from estate planning to estate administration. It includes consideration of who is in control: the attorney, the guardian, the administrator, the executor, the trustee, the appointor, the principal, the protector or … the terminator.
The presenters also discuss – what is the purpose/effect of each document (and particular clauses in them); what are the formal requirements (including witnessing requirements) for each document and; what happens if those formal requirements are not met: binding death benefit nominations, powers of attorney, enduring powers of attorney, instruments appointing enduring guardians, wills, trust deeds, deeds of succession, grants of probate and grants of representation; what assets are governed by what document: personal assets, superannuation, life insurance, jointly owned assets and trust assets; and when does each document become operative and expire (if at all): immediately, upon incapacity, upon a certain event occurring or time period passing, upon separation, upon divorce, upon death or a combination of these?