Tax and asset protection issues with family trusts never seem to end but the value of trusts to our clients is such that we need to maximise their effective use and minimise any problems. It is vital that the tax adviser stays on top of the issues and is aware of the issues causing problems, the possible solutions and the alternatives.
This event covered four current problem areas:
- choosing the right appointors, directors and shareholders (of corporate trustees)
- dealing with the limitations of discretionary trusts when the marriage ends
- restructuring and succession planning without trust cloning
- trust distribution minutes under the ATO microscope: minimising exposure and achieving desired outcomes.