Estate Group update: Testamentary trusts remain essential
Aside from asset protection, one of the primary benefits of a testamentary trust in a will is the ability to split the income generated by the trust between family members. Our latest Estate Group update looks briefly at the Treasury Laws Amendment (Measures for Consultation) Bill 2019 and recommends that testamentary trusts only be used for assets that formed part of the deceased estate, as trusts established pre 1 July 2019 will still be subject to anti-avoidance legislation.
Property update: Proposed changes to the Retail Leases Act
Last week, the Retail Leases Amendment Bill 2019 (the Bill) was introduced to the Victorian Parliament. If passed, the Bill will make substantial changes to the law relating to retail leases in Victoria. Some of those changes will benefit landlords and others will benefit tenants.
Estate Group case note: Supreme Court of Victoria clarifies 'dependence' in Victorian estate claims
Our latest Estate Group case note looks at the judgment by the Supreme Court of Victoria on a claim for provision by a granddaughter against her grandmother’s estate in Veniou v Equity Trustees Limited  VSC 832.