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A Matter of Trusts

Published on 01 Oct 04 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Discretionary trusts - problems with beneficiaries.

A well drawn modern discretionary trust will usually have two classes of beneficiaries: primary and general. It should be relatively easy to determine whether a particular person or entity is or is not a beneficiary of a discretionary trust but experience in examining trust deed indicate that difficulties and errors are common.

Author profile:

Neil Mathison
Neil is a Principal of Harwood Andrews Lawyers. Current at 01 November 2007 Click here to expand/collapse more articles by Neil MATHISON.
 
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