Townsends Business & Corporate Lawyers
These testamentary trust changes provide benefits to beneficiaries such as asset protection and tax concessions.
Cooper Grace Ward
Testamentary trusts may protect family assets and can provide great benefits and flexibility in your estate plan.
If a member loses capacity without an EPOA, it creates a time-consuming and costly challenge for the SMSF to resolve.
Coleman Greig Lawyers
Trustees may be liable for the foreign person surcharges if any of the potential beneficiaries of the trust is a foreign person.
Certain NSW trustees may need to make urgent changes to their trust deeds, to avoid paying extra stamp duty or land tax.
Background & snapshot of new laws relating to NSW duty & land tax surcharges that will impact discretionary trusts.
Coleman Greig Lawyers
In many family law property settlements, there may be taxation or duty consequences that neither spouse has considered.
This new bill intends to limit the amount of tax concessions available to minors for income from a testamentary trust.
Vanessa Schrum reviews recent amendments to Bermuda's trust laws which are intended to modernise ‘firewall' provisions and restore a settlor's freedom of disposition with respect to children.
Bermuda has amended the Trusts (Special Provisions) Act 1989 to modernise its ‘firewall' provisions and to introduce flexibility and clarity with respect to excluding illegitimate children from...
The Bermuda legislature has recently passed the Trusts (Special Provisions) Amendment Act 2020 (Amendment Act) which amends Bermuda's "firewall" legislation contained in the Trusts (Special Provisions) Act 1989.
The decision will be of particular interest to trustees in the common law jurisdiction, having reaffirmed the test to be applied when determining the validity of a trustee's purported exercise of a power.
Enhancements to Bermuda's "firewall" provisions will soon be enacted.
BC's Land Owner Transparency Act [LOTA] was granted royal assent on May 16, 2019. LOTA is the first of its kind in Canada and will create a publicly searchable registry of information ...
Osler, Hoskin & Harcourt LLP
On September 20, 2020, the Land Owner Transparency Act, commonly known in the real estate industry as LOTA, was brought into force by the Province through an Order in Council, fulfilling the...
Devry Smith Frank LLP
The recent decision of the Federal Court of Appeal in Toronto-Dominion Bank v Canada, 2020 FCA 80 ("TD v Canada"), created a new cause for concern for lenders.
Bennett Jones LLP
Beginning in 2021, new reporting rules come into effect for most Canadian resident trusts. The rules are intended to improve the collection of beneficial ownership information with respect to...
Cayman, historically known in the Middle East as a private banking and corporate jurisdiction, has transitioned over the years to being recognised as a preeminent private client jurisdiction.
An examination of the key features of the preferred investment vehicle for many Japanese investors.
Until recently, SFOs have fallen within Schedule 2A of SIBL as a category of "non-registrable person" meaning that they do not require registration with, and oversight by, the Cayman Islands Monetary Authority.