Tuesday, May 28, 2024

SMSFs and public trading trusts: More** lessons from days gone by

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A unit trust is often an attractive investment vehicle for taxpayers, as it can offer many similar benefits to a corporate structure, with t...
Tuesday, May 21, 2024

All of this; and nothing** - Default beneficiaries and bankruptcy

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Following on from the posts over the last few weeks, it is important to be aware that some commentators argue that the interest of a default...
Tuesday, May 14, 2024

A room without a door** - Default income provisions for family trusts

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Following last week’s post, another issue that arises relatively regularly in relation to family trusts is the trust deed not containing a d...
Tuesday, May 7, 2024

Trust deeds and default provisions – (Forever) Now:** who wants to be the test case?

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We have received some feedback about the following comment in a recent post, namely: ‘There is also a risk that if there is no valid default...
Tuesday, April 30, 2024

Dreamworld?** - Varying a power of variation

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Previous posts have considered the issues about varying a trust that has not power to vary. Previous posts have also looked at various aspec...
Tuesday, April 23, 2024

Star Hotel** - When two wrongs make anything but a right

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Last week’s post considered one of the leading cases in relation to a failure to follow the specific requirements of a trust instrument when...
Tuesday, April 16, 2024

A seven nation army**? - How many resolutions does it take to create a valid appointment?

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Previous posts have looked at various aspects of trust related strategies recommended by accountant Steve Hart, that over time caught the at...