As clients continue to adopt more sophisticated structures for business and investment, greater planning is required in order to ensure that a client’s estate and succession planning objectives are met. This presentation considers some of the opportunities and traps that arise with trust structures in a succession planning context including:
- are people whom we think are beneficiaries really beneficiaries?
- the role of the appointor/guardian/supervisor in passing control to the next generation
- testamentary trusts - some key issues
- ownership of main residence and tax implications of occupation rights
- trust cloning or splitting - what are they and what are the traps?