Trust splitting is a common term for an arrangement where separate trustees are appointed over different assets of an existing discretionary trust.
Each trustee is typically controlled by a different party.
The intention of trust splitting is to produce a structure where each trustee is able to deal with the assets it holds independently of the other trustees. In particular, the trustee is able to deal with the assets largely for the benefit of the controlling party.
Since 1994 we have done over 200 trust splits. None have fallen foul of the ATO.
- your trust deed
- any variations
- latest financial returns
- what you want to achieve (eg. farm to daughter, land to son, debt to dad, cash to mum)
Adjunct Professor, Dr Brett Davies, CTA, AIAMA, BJuris, LLB, LLM, MBA, SJD
Legal Consolidated Barristers and Solicitors
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Self-Managed Super Fund deeds
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