How useful are trusts for wealth conservation?

How useful are trusts for wealth conservation?

A trust is simply a rule book for the management of property by one person (the trustee) on behalf of another.
But how useful are trusts for wealth conservation or asset protection?
This largely depends not only on the terms of the trust (the rule book) but also on how it is operated.
Michael Perkins explains…

Director ID: Estate Governance and Succession is getting very personal

Director ID: Estate Governance and Succession is getting very personal

We are one step closer to a National ID system with the introduction of a national identifier for company directors. A person’s portfolio of digital assets now includes not only accounts and access control details, digital files and records BUT also the electronic identifiers through which a person transacts business in the economy…

Pro bono drop-in problem solving forums

Pro bono drop-in problem solving forums

Our attendance at the Sydney Disability Expo on the 4th of December has highlighted to us that a number of organisations have clients who have questions and require advice about representation and decision making. As a result, are offering free drop in consultation sessions to interested organisations in January and February.

Thought Leadership: Voluntary Assisted Dying Rights

Thought Leadership: Voluntary Assisted Dying Rights

NSW is the last State in Australia to introduce a process for Voluntary Assisted Dying, with the Voluntary Assisted Dying Bill introduced to the NSW Parliament in October 2021. We see great problems emerging in how Voluntary Assisted Dying rights are administered fuelled in no small measure by the following conclusions drawn from our initial review of the Bill…

Mitigating Elder Abuse

Mitigating Elder Abuse

In our experience, the mitigation of abusive conduct needs us, as a community, to move from passive Coping to active Caring at an earlier stage of the ageing of a person than is usually the case. It is not the role of the law to prevent abusive or coercive conduct. The law can provide remedies or redress when this conduct occurs. The search for mitigation, must look elsewhere for additional support…