When can’t you change a SMSF trustee?

Use a law firm’s website to update SMSF Deeds You would have thought it was straightforward to change the Trustee of a Self-Managed Superannuation Fund. Not so you if you read Moss Super Pty Ltd v Hayne [2008] VSC 158. A member died. The surviving member tried...

Can Family Trusts override the Family Court?

Family Trust v Family Court As tax lawyers, Legal Consolidated structures clients’ affairs to legally reduce tax burdens. We are also asked to: consider asset protection if you or your business goes bankrupt or insolvent draft 3-Generation Testamentary Trust...

Everett’s assignments out. Service Trusts in.

Everett’s assignments do not work. Instead, consider a Service Trust to overcome the Personal Service Income rules. Escape Personal Service Income rules (PSI) with a Service Trust Agreement Because of Personal Service Income rules (PSI) it is hard for professionals...

Extend the vesting date of my trust? Why must my Family Trust end?

How to Extend the Vesting Date of a Family Trust in Australia Most Australian trusts, at some point, must vest. The trust must end after 80 years. This is based on ancient English law. The government does not want a trust to go on forever. This is because it may end...