SAPEPA Accreditation Course - In-person

There is a high demand for professionals who can manage a family’s succession plan and provide all-around asset protection – both during and after death, plus set in place dynamic estate planning using Living Trusts, SMSFs, Wills, and testamentary trusts (tinderboxes for family provisions claims). 

If you are an accountant or financial planner looking to advance to become a Succession, Asset Protection and Estate Planning Adviser – or as we know it, a Family Wealth Protector, then the SAPEPAA Accreditation Course is for you.

"I loved the Course and it has given me so much confidence to discuss with clients the need to protect their families wealth for their bloodline. It has changed the way I think and my clients are so engaged. I have reinvigorated my accounting business by adding new back office staff to take away some of my tax compliance giving me time and space to do more profitable work. Currently I have $75,000 of SAPEP work in the pipeline. Best thing I have ever done and great to be part of a new SAPEP community." Mitch Schoers, AMS Business and Tax Advisers, Sunshine Coast

Who is SAPEPAA?

The Succession, Asset Protection, and Estate Planning Advisers Association is an independent, not-for-profit association that offers accreditation for SAPEP Advisers. As a SAPEP Adviser, being one of the first few hundred in Australia, the opportunities are endless. If you complete the course, you can become an Accredited SAPEPAA Adviser through the Association's certification process. For more information on SAPEPAA - www.sapepaa.org.au

The LightYear Training Group SAPEPA Accreditation course is built on the comprehensive competency standards published by the SAPEPA Association. By the end of the course and following the accreditation test you will have the skills and knowledge to advise on:

• Creating multi-generational succession planning with clients building legacy trusts for generations to come
• Offering the option of enhanced bloodline and asset protection structures including discretionary trusts and SMSFs
• Building Wills, testamentary trusts, enduring powers of attorney and advance health care directives
• Creating special purpose BDBNs for SMSFs that enable spouses, adult children, and grandchildren to settle a deceased’s superannuation death benefits into a special purpose testamentary trust that lives outside the deceased’s estate
• Developing multi-generational tax-free pensions for spouses, brothers, sisters and grandchildren
• Comprehensive asset protection from bankruptcy and family provisions claims
• A range of Division 7A solutions
• Protecting business assets with a Family Protection Trust
• And much more...

The LightYear Training Group offers Australia's most important accreditation for the accounting industry. This three-day course will be held online (and in person) and cover 14 modules with an online open-book certification examination after the event. You will have six months to complete the exam in your own time.

**The fee for certification with the SAPEPA Association is independent of the LightYear Training Group and is $250 or forms part of your first year's membership to the Association.

Learn the Strategies and SAPEP solutions, talk to clients about them, action them, and use our Success Tool to measure your success.

The 14 Modules included in your SAPEPA Accreditation training are:

1. The SAPEP market in Australia and Globally – Learn the history, background, the current state of play, and five years from now. The importance of SAPEPAA dealing with governments, insurers, and other associations as well as growing Australian perceptions to build the SAPEP advice space.

2. The importance of Succession – Whether it is dealing with a client, family, discretionary trust, self-managed super fund, enduring power of attorney, advance health care directive, or establishing executors for an estate, succession is the key to success. Learn how to build proper lines of succession that would rival the British Royal Family.

3. The Different Structures – In this module, we will look at several structures, discretionary trusts, SMSFs, unit trusts, testamentary trusts, living trusts (family protection trusts), and Leading Member trusts to determine the best for succession, asset protection, control, and estate planning.

4. The Importance of Documentation - In building a client solution across tax, super, succession, estate planning, and asset protection the first stop is the documentation. Poor documentation leads to weak or inoperative structures. In this module, we will look at some good documentation, great documentation that serves its purpose, and absolute disasters that have cost a lot regarding rectifications. Also, learn about the magic of deeds of rectification and ratification.

5. Advanced Asset Protection – A discretionary trust that isn't established properly loses all asset protection and effectiveness, leaving trustee shares (and control) exposed. In this session, you'll learn how to master asset protection across many structures and businesses.

6. Powers of Attorney and Successor Directors -  Each State has its own rules regarding a Principal executing a lifetime power of attorney for health and financial matters. BUT, did you know they can specifically be used for replacing trusteeship in an SMSF, building a successor director for business continuity, or even redoing a binding death benefit nomination? Provided the documentation is right.

7. Simple Estate Planning - Wills and testamentary trusts have been around for centuries and each State has individual laws for valid estate planning. In this session, we'll look at the basics of estate planning, the terms and language, the legalities of creating a Will, how accredited SAPEPA Advisers can create both Wills and testamentary trusts, and a deep dive into the benefits of a testamentary trust.

8. The Lifetime Trust v the Will - Many of our fellow common law countries don't go down the Will path due to the costs of probate, challenges to estates, and the simple timing in getting benefits to beneficiaries. Instead, the use of a Living Trust where assets are held for generations, with conditions if needed, is commonly used. In this session, we'll review the process of estate administration and the creation of a Living Trust in Australia.

9. Advanced Estate Planning - In this session, we will review advanced estate planning techniques and strategies for blended families,      estranged families, divorced couples with children, and overseas Wills.

10. Administration of Estates - The process for administering an estate in Australia can range from a minimum of six months to over two decades if the estate is over $2M and a strong family provisions challenge. In this session, we will look at the 15 steps to effectively administer an estate and how a SAPEPAA Adviser can look after this high fee-earning task for existing clients.

11. The Client Interview - The fundamental part of a successful SAPEPAA plan is the client interview - whether directly, via Zoom, or through data capture. Gaining rapport and respect when dealing with families and family wealth protection is the key to success and in this session, we will be reviewing a simple interview process, which takes no more than 45 minutes but delivers a vast array of solutions and client strategies.

12. Family Negotiations - Passing wealth and, more importantly, family businesses can be tough from a strategic point of view but when there is possible family conflict along the way it is vital to map out family succession strategies and deliver solutions amenable to all or a nasty Court battle may ensue.

13. Employee and Family Share Plan - Succession planning is important across the board. The use of employee share plans for death, disability, or retirement of a key business owner is a great offering for clients and their teams. This can also be incorporated into a family succession plan.

14. Building a SAPEP Advice Business - It is great to be a visionary but visionaries often battle alone; not with SAPEPAA. Your Association is here to look after your needs. In this session, we'll look at the ideal SAPEPAA business model, budgetary spreadsheets, and advice capacity.

$5 of all ticket sales donated to our chosen charity. 

LENGTH:

Three days

For TPB 

18 hours deal with the passing on and protection of family wealth and the tax consequences of estate planning, running an SMSF, trust taxation, minors taxation, using EPOAs for tax and SMSF purposes, and building tax-effective multi-generational structures to help a Tax Agent meet client needs, professionalism and professional ethical standards in dealing with clients.

CPD

18 hours - SAPEPAA, TPB and CAANZ plus:

• 6 hours Client Care and Practice
• 5 hours Technical Competence
• 1 hour Regulatory Compliance and Consumer Protection
• 6 hours Professionalism and Ethics