A technical specialist has reminded SMSF trustees on some of the circumstances and changes that may warrant an update of their trust deed. More to come.
Recent case law in Australia has shown that courts are taking a stricter view of trustee duties. Overview Recent cases such as Re Owies Family Trust [2020] VSC 716 (Owies) and the later appeal to th
Legal disputes over trusts and SMSFs are continuing to see an increase creating the need for increased safeguards to protect against future uncertainty, according to Equity Trustees.
Self-managed super funds have grown to 1.1 million members and Equity Trustees are reporting a rise in legal disputes and calling for trustees to adopt solid succession plans.