One of the great misunderstandings is how assets in trusts are dealt with in the Family Court. Are they excluded or are they in?

Asset pools in these cases can be significant, so before you suggest a particular asset-holding structure for a client, it's important to know what the answer is.

In this webinar for Accountants we look at some case examples and cover the important questions, such as:

How is property settlement determined?
What is "property" and what is a "financial resource"?
What power does the Family Court have to deal with Trusts?
What, if anything, can be done to remove a Trust from the Court's reach?

Note: prices shown in the video might not be reflective of our current prices. Please, refer to the website https://www.michaellynchfamilylawyers.com.au for current information on costs. Thank you.

0:00 MICHAEL LYNCH FAMILY LAWYERS
00:49 TRUSTS AND THE FAMILY LAW ACT
2:21 DISCRETIONARY AND OTHER TRUSTS
6:02 ALTERING PARTIES’ INTERESTS IN PROPERTY, STEP 1
6:38 ALTERING PARTIES’ INTERESTS IN PROPERTY, STEP 2
8:15 ALTERING PARTIES’ INTERESTS IN PROPERTY, STEP 3
10:27 ALTERING PARTIES’ INTERESTS IN PROPERTY, STEP 4
12:07 WHAT IS PROPERTY?
13:20 CONSIDERATIONS
16:43 CHECKLIST
19:05 CASE EXAMPLES
31:51 POWERS OF THE COURT
34:53 PROTECTING THE ASSETS OF THE TRUST
36:45 AGREEMENT
38:04 CONTACT US FOR FAMILY LAW ADVICE

Note: any prices shown in the video might not be reflective of our current prices. Please, refer to the website for updated information. Thank you.

Disclaimer: All videos posted to this channel contain general comments only and should not be relied upon as specific legal advice. Readers should contact this Office for detailed information or advice on any topic in the videos. Changes to the law occur regularly, no responsibility for any loss or damage caused to any person acting in reliance on the videos on this YouTube channel and general information shall be accepted by this Office. No part of this video or other videos may be included in any document, circular or statement without our written approval.