About the authors v
Preface ix
1 The concept of a trust 1
2 Modern family trusts -- advantages and disadvantages 11
3 Types of family trusts 35
4 The trustee 45
5 Administrative aspects of a trust 71
6 Income tax 99
7 Capital gains tax 119
8 Taxation of family trusts 135
9 Social security 163
10 Investment decisions 181
11 Other types of trusts 187
12 Other issues to consider 211
Appendix A: Wills and trusts compared and contrasted 241
Appendix B: Differences between trust deeds and powers of attorney 243
Appendix C: Tax rates 2014-15 245
Glossary 249
Index 277