Passing control of existing trusts presentation

Published on 25 Aug 05 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA

This presentation covers the following topics:

• are the people/entities we think are beneficiaries, actually beneficiaries of the trust? - Excluded beneficiaries are problems with former spouse, trustee, notional settlor
• adding or excluding beneficiaries and resettlement issues
• the role of the appointor/guardian/supervisor in passing control to the next generation - appointor provisions as the will for the trust
• splitting trusts - what is it, how does it work, what are the taxation implications and when would you do it?
• family trust election issues with passing control of existing trusts
• extending the life of an existing trust beyond the life of the existing controller.

This was also presented at the Preserving and Passing on the Family Wealth seminar held in Melbourne on 8 November 2005 and on 1 December 2005 at the repeat 13th National Tax Intensive Retreat in Noosa.

Author profile

Robert Jeremiah CTA

Rob is a principal of Sladen Legal. He is accredited by the Law Institute of Victoria as a specialist in both Tax Law and Business Law and is on its Tax Law Specialisation Advisory Committee. He is a member of the board and technical and policy committee of SISFA. Rob is acknowledged as a leader in his field and is regularly asked to share his specialist knowledge on areas such as tax, superannuation, succession and estate planning and trusts. Rob has been a principal of Sladen Legal and its predecessor firm since 1981. - Current at 29 June 2020

More by Rob JEREMIAH

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• Managing trust losses paper 13112009 - 08-October-2009
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• A Matter of Trusts: Tax deductibility of interest incurred to acquire trust interests - 01-November-2007
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• Trusts Workshop 2006 - 08-June-2006
• Understanding your trust deed paper - 06-April-2006
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• Trust deed traps seminar paper - 16-November-2004
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• CGT Concessions under the microscope - 30-August-2001
• CGT Small Business Concessions under the Microscope - 29-May-2001
• Overview of New Business Tax System (Entity Taxation) Bill 2000 - 07-December-2000
• Planning Issues Arising from the New Business Tax System - 08-September-2000
• Entity taxation: a practical guide - 01-September-2000
• Entity taxation - membership interests, distribution from entities and the contributed capital account - 01-August-2000
• Exploring Trusts - Case Studies on Distributions of Income from Trusts - 14-May-1999
• Exploring trusts: distributions of income from trusts - 24-March-1999
• Are companies still appropriate structuring vehicles? - 16-October-1998
• Taxation Issues for Trusts - 12-September-1997

Click here to expand/collapse more articles by Rob JEREMIAH.