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Family trusts – Protecting the family jewels paper
Published on 25 Jul 19 by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper covers:
- managing control of family trusts – understanding the formal legal mechanisms
- how to manage trust control
- establishing the groundwork – use of family agreements and shareholder agreements to keep the peace
- in what circumstances will the courts interfere with trustee decisions?
- if they do interfere what remedies will they grant?
- structuring trusts to avoid disputes – key provisions to include
- lessons from the Mercanti decision.
Author profile
Paul Hockridge CTA
Paul Hockridge, CTA, is the Principal of Hockridge Advisory. He has worked for the ATO, a large law firm, has been a partner in medium and Big 4 chartered accounting firms and has over 30 years’ experience in tax, asset protection, estate and succession planning. Paul’s niches include litigation support, property development and FBT and salary packaging. Paul specialises in advising high wealth families and closely held businesses, as well as providing support for a number of accounting and law firms. Paul maintains a practicing certificate as a legal practitioner in Victoria, is a fellow of Chartered Accountants Australian and New Zealand, is senior fellow and teaches in the Masters program in the Law School at the University of Melbourne and is a chartered tax adviser. He sits on The Tax Institute’s FBT and Employment Taxes Committee and was an original contributor to The Tax Institute’s book, Estate and Business Succession Planning. Perhaps Paul is best known as a regular presenter at local, State and National Tax Institute conferences.
- Current at
10 December 2024
This was presented at SME / Private Clients Day 2 .
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Family trusts - Protecting the family jewels
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