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Drafting Trusts and Will Trusts in Australia 2nd Edition explains, in clear language, how to draft coherent and effective documents. By providing both a comprehensive range of precedents and a wealth of valuable advice in user-friendly terms, it will help practitioners to understand and prepare trust documents the client wants and needs.
Based on the highly acclaimed UK title, Drafting Trusts and Will Trusts in Australia has been comprehensively adapted to provide authoritative guidance on drafting trusts and will trusts in eight Australian jurisdictions. The book features chapters on key areas of trust law, including beneficiaries, trustees, trustee’s powers and general provisions of a trust.
It offers a large number of precedents for both lifetime and will trusts. The precedents, which appear in printed form and online, offer a fresh approach to creating documents.
In this edition, the precedents and commentary have been extensively updated to deal with the 2011 changes to the taxation of trust distributions and the imposition of stamp duty and land tax surcharges on non-resident trusts.
The commentary reflects all legislative and case law changes since the first edition and the precedents have all been reviewed and improved.
In addition, it includes new precedents dealing with the variation of trusts and income distribution resolutions. A unique work in the Australian market, Drafting Trusts and Will Trusts in Australia 2nd Edition is an essential reference for those practising in tax law, estate and succession planning, family law and property law.