Transactions to Defeat Family Law Orders: The Monster Waiting for Estate Planners
10 April 2019
Succession and estate planning is an important tool in the armoury available to professional advisors when assisting clients to determine the best way to structure the future of their estates.
Many factors are considered by advisors and their clients, including ultimate objectives of where property is to be held, for whom the benefit is to be available, tax and duty considerations and, of course, issues of control in both the short and long term.
In this paper Andrew Davies briefly summarises the provision of Section 106B of the Family Law Act 1975 that deals with transactions to defeat orders and how it might impact on advisors: and ways to avoid this monster.
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Family law matters can be difficult and complex. If you require any assistance with a family law dispute, always contact a legal practitioner who will be able to help.
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