Trusts have been the subject of extensive review and change in recent years. While the focus has been on the traditional “family discretionary trust”, there are a number of other types of trusts that are effective structures for various purposes. Where are we at with these other types of trusts? This paper considers the relevance of recent changes in the law and their current use in taxation, superannuation and estate planning, specifically:
- testamentary trusts
- child maintenance trusts
- property trusts
- special disability trusts
- charitable trusts
- unit trusts
- hybrid trusts.