Family trust and interposed entity elections provide a method to deal with carry forward losses and franked distributions. However, making such elections with only short-term considerations in mind can create significant pain down the track. In this session, Daniel Smedley and Neil Brydges discussed the following:
- An overview of the trust loss provisions
- The who, what, why and how of family trust elections and interposed entity elections
- Family groups and how to approach blended families; and
- Adapting to change – revocation of FTEs and varying the test individual.