Passing the baton -trusting into the future

CONTENTS

1     INTRODUCTION.

2     USING MULTIPLE APPOINTORS AND OTHER INTER-GENERATIONAL CONTROL MECHANISMS.

2.1      Relevant control provisions in trust deeds.

2.2      Nomenclature – “Appointors”, “Guardians”, “Protectors” etc.

2.3      Guardian powers.

2.4      Succession of Appointors and Guardians.

2.5      Multiple Appointors.

2.6      “Unanimous” and “majority vote” powers and rights.

2.7      Structuring the corporate trustee – common features of “shelf” companies.

2.8      Structuring the corporate trustee – some necessary provisions.

2.9      Multiple Guardians using existing powers.

2.10       Strategic use of the Guardian power

2.11       Can amending or adding a Guardian power “resettle” the trust?

2.12       Other structuring options for inter-generational transfers.

3     DEALING WITH UPEs AND “AT CALL’ LOANS.

4     EXERCISING A POWER OF ADVANCEMENT TO RESOLVE CONFLICTS.

5     OTHER CONSIDERATIONS.

6     FAMILY TRUST ELECTIONS.

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