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Family Trusts

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The use of family trusts has become increasingly common in Australia over the last 20 years as a means of effectively distributing income amongst family members to secure tax-effective payments and also as a means of protecting assets from creditors of the business operator and also at times from vulnerable or spend thrift family members who might be likely to dissipate the assets of the trust.

The nature of these trusts can vary widely and, in some families, there will be a number of trusts that are interposed in the overall family business scheme.
 
When a marriage breaks down and a property settlement becomes necessary, divorcing the trust can be as important (and sometimes more important) than divorcing the former spouse. It is important to ensure that tax implications of the dismantling of the trust (both as to income and capital) are carefully considered to make sure that the right choices are made for you – whether you are remaining in control of the business or are seeking to have your share of the business paid to you by your disentanglement from the trust structure.
 
All the members of our family law group work closely with our commercial lawyers and have commercial grounding themselves to ensure that opportunities for appropriate planning and opportunities to avoid negative tax consequences are identified and fully explained to you.
 
Call one of our Family Lawyers for free initial telephone advice on your circumstances on 95258688.

Key People

sutherland shire lawyer greg dicksonGreg Dickson 

primary area of practice is litigation. In 1993, he became one of the first solicitors in New South Wales to achieve Accreditation as a Specialist in Family Law and Property Relationships Act Law. Greg is the head of our Family Law Division but also practices extensively in commercial and general litigation ...read more

sutherland shire lawyer kevin dwyerKevin Dwyer 

can advise you upon and conduct all Family Law and De Facto Relationship matters in the Family Courts at Sydney, Wollongong and Parramatta. Kevin can also assist you in Criminal Law and appear in Local Courts all over New South Wales in AVO and criminal proceedings as well as ...read more

Amanda DoringAmanda Doring 

is a Family Law Accredited Specialist with extensive experience drafting binding financial agreements and conducting urgent applications in the Family Court and Federal Magistrate’s Court as well as De Facto proceedings in the Supreme, District and Local Courts ...read more

Lisa O'Leary 

operates predominantly in the area of Family Law and De Facto Relationship dispute resolution in the Family Court, the Federal Magistrates Court, the Local and Supreme Court or by alternative dispute resolution procedures ...read more 

Nicola Morgan 

Nicola joined Warren McKeon Dickson in January 2009 as the recipient of the Warren McKeon Dickson Work Integrated Learning Scholarship offered in conjunction with the University of Wollongong.  ...read more 

 

 

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