Taxation Essentials for Accountants in Deceased Estate Administration
This comprehensive course on estate planning and administration in Australia covers all the essential concepts, with a focus on the role of accountants. Participants will gain a deep understanding of the complex issues that may arise when dealing with a deceased estate, including hidden financial and personal circumstances.
The course covers legal requirements and processes, such as obtaining probate and identifying assets and liabilities. Participants will learn about potential challenges and risks associated with contesting a will, executing a power of attorney, and navigating financial institutions, creditors, and beneficiaries with potentially conflicting interests. They will also understand the tax-related issues in the administration of deceased estates, including tax liabilities, tax-free entitlements, concessional tax rates, and minimizing tax liabilities.
The course also covers best practices for dealing with financial assets during estate administration, including joint bank accounts, superannuation funds, and insurance policies. Participants will learn about different types of wills, ethical considerations, and how to handle digital assets securely.
By the end of the course, participants will be equipped with the knowledge and skills to navigate these challenges effectively, work with legal professionals, and communicate clearly with all parties involved. They will leave the course with a thorough understanding of estate planning and administration, including the role of accountants, best practices, and ethical considerations.Â
Born in Sri Lanka completed my studies in Wesley College Colombo. Soon after college followed a course in Charted Institute Management accounts UK and became ACMA. I moved to Dubai and worked in Tyco International & Thomas Cook Travel & Exchange Company as Financial & Administration Controller for 27 years. I migrated to Australia in 2012 and became an ACPA. I joined H&R Block as tax consultant. I was promoted as Branch Manager within a year. I was judged as Employee of the Year in 2005 and later Best Branch Manager in 2006. I moved to Tax7 accountants as their working arrangements suited me during Covid. During my career as tax consultants for the past 10 years in Australia, I had the opportunity of familiarising myself in various aspects of Individual, Company &trust tax laws in Australia. Deceased estate is one of my favourite topics as it is complicated, and many people are not able to proceed further without the advice of the accountant.
Podcast Host | LearnFormula
Sports commentator and TV host. Winner of 2018 and 2020 Asian Television Awards (Asian Emmy) for Best Sports Presenter / Commentator. Host and commentator of One Championship, Asia's largest sports media property, broadcast to 154+ countries, Nielsen rated 80+million viewers, Tubular analysis 5.4bn social media views (fourth highest in the world). Olympic Games commentator. Commonwealth Games commentator. FIFA World Cup correspondent. Victoria Premier League Soccer (football) commentator FUTSAL OZ Series Commentator Former host and commentator on AXS TV Network USA. Host of CableFax Award-nominated interview show 'The Voice Versus'. Best-selling author and award-winning writer. Radio host. Commentated on networks including Amazon Prime, BeInSport, NBC, CBS, SyFy, Canal+, Spike, EuroSport, ABS-CBN, Star Sports Select, Fox Sports, Fox 8, Sky, TVNZ, Thairath 32, TV3, Main Event. College Lecturer and public speaker.
