In Episode 17 of The SMSF Experts, Shelley is joined by Clinton Jackson, a partner at Cooper Grace Ward Lawyers, to discuss the complexities of trust deeds in SMSFs. They cover the common mistakes and pitfalls that can lead to trust deed disasters such as outdated provisions, ineffective amendments and invalid death benefit nominations.
Shelley and Clinton discuss the importance of having a tailored and flexible trust deed, and the ongoing debate over corporate versus individual trustees. They also share practical tips and strategies for ensuring the deed is up to date by covering:
- The essentials of a quality trust deed
- What makes a trust deed valid
- How to deal with issues and challenges
Listen On: Apple Podcasts, Spotify, Amazon Music, Simplecast, iHeartRadio, Deezer
CONTENTS:
03:49 Understanding Trust Deeds: The Good, Bad, and Ugly
08:38 The Importance of Corporate Trustees
10:48 Challenges in Signing and Witnessing Deeds
17:22 Updating Trust Deeds: When and Why
20:27 Principal Employer Sponsors: Legacy Issues and Solutions
25:26 Case Studies: Trust Deed Disasters and Resolutions
29:51 Dealing with Trustee Disputes
