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Can’t Clone – what now? Succession planning for trusts presentation


The division and divestment of control of family discretionary trusts has suffered somewhat with legislative amendments announced to remove the "trust cloning" exemption. In light of these changes, this presentation outlines alternative options for advisers and their clients in implementing succession planning strategies for family discretionary trusts including:

  • trust splitting as a continuing and useful alternative
  • dividing control using the matriarch or patriarch's will
  • other methods of 'dividing' trust assets
  • in specie distributions
  • weighing practical and commercial requirements against tax outcomes.

Author profile

Marc Romaldi CTA
Photo of author, Marc ROMALDI Marc's tax law experience comes from over 14 years practising in accounting and legal spheres in both domestic and international environments. Capital gains tax, general income tax, international tax, stamp duty, GST, superannuation and fringe benefits tax all form part of Marc's tax law skill set. This expertise is used to advise ASX-listed companies, private enterprises and high net worth individuals on the commercial and tax implications of structuring, restructuring, acquisitions and sales. Marc's customer base appreciates his ability to understand their business, distil complex legal issues and achieve practical outcomes. Those customers come from a variety of industries, with Marc having particular expertise in the pharmacy and property industries. - Current at 18 May 2015
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This was presented at Trust Busting (Including Bamford) .

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Individual sessions

Can’t Clone – what now? Succession planning for trusts

Author(s):  Marc ROMALDI

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