Trusts and relationship property.
Tim is regularly instructed to provide advice on the division of relationship and trust property following the end of a marriage, civil union or de facto relationship. This can be some of the most challenging work where a team of appropriately qualified experts is often required to properly identify and value assets for division under our rapidly evolving law in this area.
One of those developing areas of the law is the law relating to family trusts and commercial trusts. The last 30 years or so have seen a significant increase in the number of trusts formed, as individuals have sought to structure their affairs in different ways and for a variety of reasons. More and more of those trusts are now reaching a point where they are no longer serving the interests of the real world parties they were established to serve, resulting in an increasing number of disputes between trustees and beneficiaries.