For a long, long time I have been going on about the great opportunities available if a family used their family super fund and financial resources to convert taxable income such as salary, trust income, bucket company income plus income […]
It’s coming up to 30 June and we are all so busy working crazy hours on client issues but relief is around the corner. It’s Accountants and Planners NYE on 30 June so it will be time to grab a […]
Life throws things at you and you either sink or swim. I call them life examinations. You are either in it, remain focused and move through things quickly with a planned process or freeze and run away. And as parents […]
Changing Appointors, Trustees, Beneficiaries and the Name of a Discretionary Trust + NO Resettlement The Problem Over time a client’s family circumstances change including death, divorce, dementia and bankruptcy. This means that the family discretionary trust will also undergo changes […]
Can a child make a deductible contribution and reduce trust income? This is a great tax planning question and as with any technical strategy it needs to be considered in four stages: 1. Does the trust deed allow the strategy […]
I make it a habit of reading at least two cases a day – one usually dealing with a family provisions claim in a Supreme Court and the other a trust, trust deed, family law or asset protection case. And […]
The advice business we are in is no different to walking on a tightrope and for anyone who has tried that, you know how much not-fun that is. Whether we are advising on an SMSF, bloodline planning, asset protection, farm […]
It is not and has never been the case that in all circumstances that all members of a SMSF must be trustees or directors of the corporate trustee of the Fund. This is crucial for members who have lost capacity, […]
What Is All the Excitement About? Introduction Discretionary trusts are well known for their tax advantages and also, to a lesser extent, asset protection and estate planning benefits. However, the traditional set up for a discretionary trust by an accountant […]
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