It’s not only about income streaming! There are many other key aspects of Trust structures that, without properly drafting provisions, can limit the tax effectiveness of the Trust. For example, how does the deed deal with the bankruptcy, mental impairment or death of Appointors? Does it have adequate trust loss and imputation credit provisions? Will there be potential stamp duty issues if the trustee of the Trust is changed in the future?

Our team at Topdocs Legal can do a thorough review of your Trust Deeds and provide a comprehensive deed update that includes not only the Bamford principles, but brings the Trust Deed completely up to date with a wide range of other important provisions.
This checklist sets out the key types of clauses we look for in updating deeds in order to effectively allow clients to protect and plan within their trust deed.

You can view or download the Deed update matters to consider here

For more information about these Topdocs Trust amendments, please contact the team at Topdocs on 1300 659 242.