NewsBite

Would your family trust survive a black sheep attack?

Would your family trust survive a black sheep attack?

Trusts are the go-to structure for asset protection and inheritance planning but as more wealthy families are discovering, they’re not bulletproof. Experts weigh in on how to prevent costly showdowns.

There’s one in every family.  Simon Letch

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Families are using lawyers and accountants to war game their discretionary trusts by simulating attacks from estranged relatives – the quintessential black sheep – seeking a bigger share of the estate.

“I pull them apart,” says Scott Whitla, a lawyer and veteran trust-buster whose expertise is highly sought after among financial advisers. “I scrutinise every part of the trust and advise on the weak spots vulnerable to attack.”

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Duncan Hughes
Duncan HughesReporterDuncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

Latest In Personal finance

Fetching latest articles

Original URL: https://www.afr.com/wealth/personal-finance/would-your-family-trust-survive-a-black-sheep-attack-20240820-p5k3y2