Posts Categorized: Trust Law

The Special Disability Trust is an underutilised but useful vehicle for providing for family members who may have a physical or intellectual disability. It permits one to hold up to an amount of $551,740 which is excluded from the asset test, and the income from which is excluded from the income test. What Is It?…

The effects of family breakdown extend beyond the personal to the economic, including intergenerational wealth transfers such as those created by wills. The Family Court has extensive powers to make orders in relation to the ‘property’ and ‘financial resources’ of couples whose relationship has failed and one or both of whom have asked for its’…

The Family Court possesses extensive powers to deal with the property and financial resources of parties to a marriage. The recent case of Kennon v Spry, decided by the High Court earlier this year, shows just how extensive. The case dealt, in the main, with the meaning of ‘property’ for purposes of the Family Law…