Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORESuccession plans must be consistent across SMSFs, family trusts
Mirroring succession arrangements between a client’s SMSF and their estate and trust assets is key to avoiding legal disputes following the passing of the SMSF member, according to a leading SMSF strategist.
In a recent episode of the Tax Talks podcast, I Love SMSF director Grant Abbott said it was important when looking at estate planning for SMSF clients to develop a clear line of succession, and structure their self-managed fund, estate and any additional family trusts to reflect this.
Read more at SMSF Adviser.
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