Succession Planning for a company

When you die do you want a specific person to replace you as a director?Your company may be: special purpose company trustee of an SMSF corporate trustee of your Family Trust trustee of your Unit Trust trading in its own right It is bad asset protection to have both...

Appointor insane? Family Trust succession planning

Family Trust succession planning Many assets don’t go into your 3-Generational Testamentary Trust Will at death. These assets do not go into your Will: Joint tenancy Superannuation (well not automatically) Cross-owned insurance Family Trust assets (except for...

Extend the vesting date of my trust?

Extend vesting date of my family trust? A trust 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 up that no one is looking after the...