Published on 07 Mar 02
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This seminar papers discusses who needs a discretionary family trust, what a family trust is good for and how it works, how to set up a family trust and who are the main players, what the current ATO/Courts/Centrelink attitude to family trusts, what the drawbacks are, and how to keep a family trust in good fettle.
Peter is Senior Partner at Brett Davies Lawyers. He completed his law degree part-time while working as an income tax assessor with the Australian Taxation Office (ATO) in Adelaide in 1975. Peter subsequently moved to Canberra where he completed the Legal Workshop course at Australian National University, then travelled overseas, ending up in Perth in 1979. He rejoined the ATO in Perth for another four years, rising to the position of Appeals Officer before leaving to join the prival legal profession in Perth in 1988. He started his own practice in 1992.
Current at 23 Apri 2004