Author : Matthew Burgess
Publisher :
ISBN 13 : 9781925181104
Total Pages : 206 pages
Book Rating : 4.1/5 (811 download)
Book Synopsis The Seven Key Aspects of Testamentary Trusts by : Matthew Burgess
Download or read book The Seven Key Aspects of Testamentary Trusts written by Matthew Burgess and published by . This book was released on 2014 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the need for effective structuring of business and personal assets has been brought into sharp focus for high net worth individuals and business owners.Fundamental changes in the law, the vast amounts of wealth accumulated within superannuation funds and the shortening of both business and personal relationships have necessitated the evolution of estate planning structuring beyond traditional formats.Asset protection strategies and the use of testamentary trusts are important issues to consider in estate planning, particularly where potential beneficiaries are in professional practice occupations or in business, or where there is a risk that a personal relationship of a beneficiary might degenerate in the future. Potential beneficiaries that fall into any of these 'at risk' categories will be exposed to losing assets, unless appropriate structures are put in place.The Seven key aspects of Testamentary Trusts is a comprehensive guide to testamentary trusts and addresses numerous topics including:(a) testamentary trusts and bankruptcy(b) testamentary trusts and the family court(c) protective trusts, other types of special testamentary trusts and practical considerations for bespoke testamentary trusts(d) complex forms of testamentary trusts(e) creative uses of testamentary trusts(f) the taxation of testamentary trusts.