Published on 19 Jul 13
by QUEENSLAND DIVISION, THE TAX INSTITUTE
With litigation becoming more common, more complex family arrangements and different business structures require an increased focus on protection and preservation of clients’ wealth. This paper highlights the key factors for practitioners to assist clients in protecting their assets from family disputes and trustees in bankruptcy including:
- family asset protection
- Kennon v Spry and subsequent cases
- personal asset protection vs business assets and business continuity impact
- powers of Attorney, inheritance rules, CGT and testamentary trusts.
Brian J RICHARDS
Current at 14 May 2013
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