In this video, Adam provides some brief information about Family Trusts, how they came to be and their benefits.
Hollingworth & Spencer Lawyers
Commercial Law, Conveyancing, Wills & Estates
In this video, Adam provides some brief information about Family Trusts, how they came to be and their benefits.
Cascading Testamentary Discretionary Trusts (TDTs) refer to an estate planning structure whereby the assets of one TDT are transferred (or ‘cascade’) into one or more TDTs on the happening of a specific event.
For example, say TDT1 is established for the benefit of the surviving spouse and any children.
The terms of TDT1 could provide that when the surviving spouse dies, or on an earlier date nominated by the surviving spouse, the capital of TDT1 is to be distributed equally into TDT2 and TDT3.
TDT2 and TDT3, for instance could be established for the benefit of the original testator’s two children and their respective families.
The effects of Covid-19 are being felt worldwide by individuals, small businesses, large corporations and government bodies. With it, comes a lot of new and unfamiliar territory, the likes of which the world has never seen.
For individuals and small business, the financial effect can be significant and could continue for the coming months and years. Putting strategies and business plans in place now for the months that lie ahead could mean that your small business can weather the harsh times and still be operating once the dust has settled. This is the hope for us, and for your small business too.
We have received a lot of enquiries from our small business clients in relation to their Lease obligations and the financial impact sustained as a result of a loss of income. This article outlines the recent government advice and packages regarding:
Subscribe to our quarterly newsletter and updates about changes in the law that may affect you or your business.
In this video, Adam provides some brief information about Family Trusts, how they came to be and their … [Read More...]
What is a Cascading Testamentary Trust? Cascading Testamentary Discretionary Trusts (TDTs) refer to an estate planning structure whereby … [Read More...]
The effects of Covid-19 are being felt worldwide by individuals, small businesses, large corporations and government bodies. With it, comes a lot of … [Read More...]
6/23 Glenaffric Street
PO Box 350
THE GAP QLD 4061
Telephone: 07 3123 5700
Facsimile: 07 3300 4657
To get directions please click here
Unit 9, 8 Mount Glorious Road
PO Box 340
SAMFORD QLD 4520
Telephone: 07 3123 5750
Facsimile: 07 3289 2568
To get directions please click here
Copyright © 2021 · Hollingworth & Spencer Lawyers