A recent case involving a prominent South Australian wine-making family highlighted the importance of making sure that control of a trust following the death of the appointor is transferred in a way that is permitted by the trust deed.
These days, many family businesses and assets are op..
by Marek Reardon - Special Counsel
The potential for bankruptcy to affect a beneficiary under a deceased estate poses significant problems for inter-generational wealth planning.
When a beneficiary to a deceased estate is bankrupt, their inheritance is made available to creditors to meet..