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A matter of trusts: Beneficiary entitlements and creditors' claims

Published on 01 Jul 05 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

When a discretionary trust becomes insolvent there can be a conflict between the unsecured creditors of the trust and beneficiaries with unpaid entitlements arising from distributions of income or capital made by the trustee.

Author profile:

Katherine Bashour
Katherine works for Harwood Andrews Lawyers. Current at 01 July 2005
 
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