Webinar Recording - Are Family Trusts “Done” as an Asset Protection Tool?

For years, Family Trusts have commonly been perceived as an excellent asset protection tool. But with the law on Trusts constantly evolving, is this still true? Cases such as Richstar, Spry and Donnelly erode some of the confidence in this position and force us to re-evaluate how the use and operation of modern Trusts fit into an effective asset protection strategy.

In the upcoming webinar, Are Family Trusts “Done” as an Asset Protection Tool?, tax lawyer, Damian O’Connor takes a close look at the Family Trust structure and its use as an asset protection tool. Drawing on over 40 years’ experience in advising clients on asset protection and commercial issues, Damian will guide you through recent case law and real life examples to ascertain the current state of play.

Specifically, the Webinar addresses:

• Trust basics;
• Key asset protection issues;
• The traps of transferring assets into Trusts;
• Who has an interest in Trust assets;
• Who controls the Trust; and
• What constitutes a “Sham”.

This webinar is suitable for Trustees and their professional advisors and is pitched at an intermediate level. It assumes a basic knowledge of Trusts and business structures.

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Presenter Damian O’Connor

Damian O’Connor is the Managing Principal of the specialist taxation law firm, Tax + Law. He has more than 40 years’ experience in tax, commercial and family legal issues in Melbourne and Brisbane. His experience includes 23 years with the Australian Taxation Office, and as a tax partner with national law firms. He has been involved with almost every aspect of the world of tax during that time.

Damian provides practical technical advice on complex tax issues, commercial and family wealth structuring advice and documentation. He has decades of experience in managing high risk, high stress interactions with revenue authorities.

He is a regular tax presenter for Law Central, the Tax Institute, professional development providers, professional associations and universities.