Passing Control of Discretionary Trusts
The very qualities that make discretionary trusts so appealing when established also create many headaches when it is time to pass control to the next generation. Familiarise yourself with the tax consequences, and how best to satisfy the expectations of both ingoing and outgoing generations.
Description
Attend and earn 1 CPD hour
FASEA CPD Categories
Estimated 1 CPD hour in Technical Competence
Passing Control of Discretionary Trusts
- How a family discretionary trust is dealt with in the succession plan
- Issues with discretionary trusts, passing control and amendments
- Dealing with loan account balances in the estate and succession plan
- Trust splitting and the ATO’s views
- Co-control of family trusts between children and minimising risk of dispute
Presented by Nathan Yii¸ Principal Lawyer, Nathan Yii Lawyers; SMSF Specialist Advisor; Chartered Tax Advisor; Recommended Wills, Estates & Succession Planning Lawyer, Doyle’s Guide 2020
Presenters
Nathan Yii is the Principal Lawyer, Chartered Tax Advisor and an accredited SMSF Specialist AdvisorTM of the Melbourne based legal practice, Nathan Yii Lawyers. He is a graduate of Melbourne Law School and holds a Bachelor of Commerce (Accounting), a Bachelor of Laws (Hons) and a Master of Laws. Nathan is also recognised in Doyles Guide as both a leading Wills, Estates & Succession Planning Lawyer and Wills & Estates Litigation Lawyer in Victoria. Nathan works with accountants, financial planners and other lawyers to achieve their clients structuring and estate planning objectives, factoring in taxation, asset protection, SMSF compliance and dispute prevention.