Posts Tagged: trusts

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 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…