A ratchet is a mechanism that varies the equity share that management receives on exit, depending on the achievement of certain objectives.

Looks at how the role of the appointor is often the most important to consider when establishing or reviewing a trust.

Reinforces the importance of reading a trust deed before taking any step or providing advice that involves a trust.

Discusses specific reservations with insurance policies for business succession being owned by a company.

Looks at the widely publicised High Court judgment of Stanford v Stanford (2012) HCA 52 from the end of 2012 and the Family Courts’ powers to potentially displace the distribution of assets under an estate plan.

Explores a ‘hybrid’ approach to estate planning, where elements of both the single and multiple testamentary trust solutions are combined.

Discusses the wide range of factors that might be relevant in deciding to implement multiple testamentary discretionary trusts (TDTs).

One issue that comes up regularly in estate planning exercises where there is more than one family unit ultimately to benefit, is whether a single or multiple testamentary discretionary trusts (TDTs) should be implemented.

Looks at a situation under an insurance funded buy sell arrangement where the parties were wanting to craft the agreement in order to penalise a business owner if they were under insured.

Explores a number of reasons as to why FBT will normally not apply to the payment of insurance policy premiums.