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  Bankruptcy Litigation Estate planning

The trust bastion

Source: Victoria

Published Date: 10 Oct 2013

 

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Trusts are supposed to be a protective barrier for family assets. This barrier is under threat from:

  • the family law decision in Kennon v Spry (2008)
  • the company law decision in Richstar Enterprises Pty Ltd v Carey (2006)
  • credit loan accounts and unpaid trust entitlements
  • the creation of beneficial interests in the course of estate planning
  • bad practices in the administration of trusts.

This paper examines and evaluates each of these threats in practical contexts,including the scope they create for a family trust of another family member to be dragged into matrimonial property disputes, for a trust to be dragged into a beneficiary’s tax dispute and for inheritance claims to turn into trust disputes.

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  • Published By: Graeme Halperin CTA
  • Published On:10 Oct 2013
  • Took place at:Park Hyatt, Melbourne

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Bankruptcy Litigation Estate planning Succession Tax administration Trusts 2013

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