LYD Strategy Solution

22 November 2022 - Do Your Asset Protection Strategies Work?

The Top Five 2023 Asset Protection Strategies for Business Clients and Accountants

The High Court decision in Bosanac v FCT is ground-breaking in terms of placing assets in a non-risk spouses name BUT there are still problems abound with family law and family provisions claims.

On a rating of one to ten it comes in at a four - maximum. In this session Grant Abbott and Ben Gill from LightYear Docs, together with James Meli from Abbott & Mourly lawyers will look at five modern day asset protection strategies, pull apart Bosanac, equity v modern law and take your questions.

And with the latest Budget allocating $30M for the Tax Practitioners Board to audit tax agents and remove recalcitrant tax agents, tax agents and accountants MUST ensure their assets are properly protected – a standard discretionary trust is no longer suitable after recent court decisions.

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