Knowing when a trust needs to make a family trust election and who is ‘in’ and who is ‘out’ of the family group is vital for advisers when dealing with trusts. These rules are quite complex and the consequences of getting them wrong are significant.

In this webinar, Linda and Elise will use practical examples to cover issues such as:

• when a trust may be required to make a family trust election
• what ‘distributions’ are
• which individuals and entities are part of the ‘family group’
• when an entity may be required to make an interposed entity election
• family trust distributions tax and who is liable
• planning for FTE issues when passing control of trusts to the next generation.