Webinar Recording - The Powers and Problems of Trustees

The role of Trustee of a Family Trust is not something to take on lightly. Beyond dealing with the tax complexities unique to Trusts (such as streaming), there are a number of general responsibilities that Trustees (and their Advisors) need to get their head around in administering the Trust.

This webinar, presented by tax lawyer, Damian O’Connor looks at some of the practical issues that professional advisors and clients face when dealing with Trusts. The Webinar will cover:

• Sources of Trustee powers and obligations
• Beneficiary rights
• Specific powers banks like to see in Trust Deeds (e.g. lending/ borrowing powers,)
• The roles of Appointor and Guardians
• Trust resettlement – is it still an issue?
• Tax consequences of Trust vesting
• Lost Trust Deeds

This content of this Webinar is set at an intermediate level. It assumes that the attendee has a fair level of knowledge regarding trusts.

• 23/07/2020 - Webinar Recording - Distributing Capital from Family Trusts

• 12/05/2020 - Webinar Recording - Stimulus measures and year-end tax planning for companies and trusts

• 5/12/2019 - Webinar Recording - Dealing with Mistakes and Variations in Family Trust Deeds

• 23/10/2019 - Webinar Recording - Accessing Company & Trust Documents in Family Law

• 1/08/2019 - Webinar Recording - Small Business Tax and Financial Risks

• 2/05/2019 - Webinar Recording - Year End Tax Planning

• 13/03/2019 - Webinar Recording - Superannuation: Current status of the proposed changes

• 27/11/2018 - Webinar Recording - Fixing Family Trust Deeds

• 16/10/2018 - Webinar Recording - The who, what, when & how of Family Trust Elections

• 12/09/2018 - Webinar Recording - You’ve Been Served! - How to deal with a family law subpoena

• 8/08/2018 - Webinar Recording - Beneficiary Entitlements in Trusts

• 6/06/2018 - Webinar Recording - SMSF End of Year Essentials

• 19/04/2018 - Webinar Recording - Unit Trust v Family Trust - Which is Better for Investing?

• 8/03/2018 - Webinar Recording - Do Pre-Nups Work Anymore?

• 13/12/2017 - Webinar Recording - When a Will is not Simple

• 26/10/2017 - Webinar Recording - Winding Up Trusts and Tax Consequences

• 19/09/2017 - Webinar Recording - Untangling Discretionary Trusts – A Family Lawyer’s Perspective

• 23/08/2017 - Webinar Recording - Time to Address the SMSF Sleeper - Estate Planning within the fund

• 20/06/2017 - Webinar Recording - Navigating Small Business Restructure Roll-overs

• 6/04/2017 - Webinar Recording - Dealing with Divorce - An Accountant’s Perspective

• 23/02/2017 - Webinar Recording - Understanding the 2017 Superannuation Changes

• 1/12/2016 - Webinar Recording - Estate Planning Basics for Professional Advisers

• 17/11/2016 - Webinar Recording - Are Family Trusts “Done” as an Asset Protection Tool?

• 13/10/2016 - Webinar Recording - Demise of the Accountants’ Exemption - Walking the line, post 1 July 2016

• 13/09/2016 - Webinar Recording - Family Trust v Family Court - Not a marriage made in Heaven

• 10/08/2016 - Webinar Recording - Managing Trust UPEs - How to do it and potential tax exposures

• 31/05/2016 - Webinar Recording - How does the 2016 Budget affect SMSF Trustees?

• 3/05/2016 - Webinar Recording - Avoiding Business Disputes

• 30/03/2016 - Webinar Recording - Pitfalls that SMSF Trustees should avoid

• 23/02/2016 - Webinar Recording - Asset Protection - Dealing with Risk in Hard Times

• 9/12/2015 - Webinar Recording - Trusts Revisited

• 28/10/2015 - Webinar Recording - Know Thy Business Structure

• 23/09/2015 - Webinar Recording - Social Media in the Workplace

• 27/08/2015 - Webinar Recording - The Powers and Problems of Trustees

• 28/07/2015 - Webinar Recording - Tips and Traps for Property Investment in your SMSF

• 27/05/2015 - Webinar Recording - Companies - Things you should know, but probably don’t!

• 21/04/2015 - Webinar Recording - The Pros and Cons of Unit Trusts

• 11/03/2015 - Webinar Recording - Employee Engagement and Share Plans

• 18/02/2015 - Webinar Recording - SMSFs and Related Party Loans

• 19/11/2014 - Webinar Recording - Trusts - Asset Protection on Peptides

• 15/10/2014 - Webinar Recording - Maximising your Business Value

• 25/09/2014 - Webinar Recording - Project Do It - ATO Amnesty Information Session

• 10/09/2014 - Webinar Recording - Private Company Cash - Division 7A Complications for Professional Advisors

• 6/08/2014 - Webinar Recording - Employee v Contractor

• 4/06/2014 - Webinar Recording - The Protected Super Myth’Conception

• 8/04/2014 - Webinar Recording - Trust Tax Issues and CGT Small Business Concessions

• 11/02/2014 - Webinar Recording - Accountant Road Rules for Super

• 19/11/2013 - Webinar Recording - Are you Ready for Bullying in the Workplace?

• 2/10/2013 - Webinar Recording - Investment Restrictions for Self Managed Superannuation Funds

• 5/09/2013 - Webinar Recording - All About Family Trusts

Presenter Damian O’Connor

Damian O’Connor is the Managing Principal of the Melbourne based specialist taxation law firm, Tax + Law. He has more than 40 years’ experience in tax and 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, and if he hasn't dealt with a tax or legal issue personally, he knows someone who has.

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.