After an interesting series of tangential discussions on what constitutes a new trust Dr Campbell Rankine will again lead the discussion on Oswal and when a new trust is created, settled or resettled.
We will continue our discussion on present entitlement, absolute entitlement and specific entitlement and Subdivision 115-C.
In coming weeks, we anticipate exploring S99B and also accounting for trust distributions and the trustee’s right of indemnity.
Required Reading: