Centrelink attribution & testamentary trusts

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Do your clients with testamentary trusts have beneficiaries who are Centrelink administered benefit recipients? Have you discussed how these arrangements will operate and the impact they will have on the beneficiaries? Specialist advice may be needed. The source and control tests for Centrelink attribution of a trust’s capital and income pose challenges for the operation […]

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Estate Planning: a client-led context for financial advice

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In Chapter Seven of its final report, the Ripoll Committee has called for the creation of a professional standards board for financial advisers. Irrespective of the fate of this recommendation, elements of the financial planning profession are taking steps to ensure that their standards are sustained at the highest level of professionalism (1). Professionalism is […]

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