The end of the financial year is fast approaching. Have you made a start on your trust distribution minute and/or intend to pay your beneficiaries a dividend? If you have a discretionary trust, then 30 June 2023 is an important date for you. The purpose of a trust is to separate the legal and beneficial […]
Trust Distribution Minutes and Dividend Statements: what you need to know before June 30 Read More »
It’s almost 30 June. Have you done your trust distribution minute and/or intend to pay your beneficiaries a dividend? If you have a discretionary trust, then 30 June is an important date for you. The purpose of a trust is to separate the legal and beneficial ownership of assets. The legal ownership of the asset
Trust Distribution Minutes and Dividend Statements: what you need to know before June 30 Read More »
Author: Niall Powell, Special Counsel, JHK Legal. A recent decision of the Queensland Supreme Court has relevance to duty considerations for estate planning. In Queensland, the assets of a deceased person are subject to potential family provision application claims. The result of any such claim is that the Court is able to reallocate and redistribute
Aggregation of duty and estate planning Read More »
Recent changes to State laws may trigger a surprise tax bill for family trusts (discretionary trusts).
State tax warning for family trusts Read More »
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