Full Record

General Principles: Trusts compared with other relationships; the law as to trusts; types of trusts - discretionary trusts, unit trusts, fixed trusts, hybrid trusts, protective trusts, charitable trusts, testamentary trusts, superannuation entities Formation and drafting: choice of trust; discretionary trust; the settlor; the trustee; the appointer; beneficiaries; the trust fund; instructions to be obtained from client; unit trusts Termination of trusts: termination distinguished from other events; powers of termination in the trust deed; powers and procedural steps Financial dealings: trustee' liability; trustee's right of indemnity; beneficiaries' rights and remedies; creditors' rights and remedies; trustees duties; investment of trust funds; directors of trustee companies; lending to trustee companies Taxation of trusts: Net income of a trust estate; capital gains tax; trust losses; outline of legislative changes to Division 6; income splitting; non-resident trusts; income of certain children; foreign investment funds; trusts taxed as companies