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No, actually I am not an accountant, I have no qualifications in accounting - but some in tax. I am director of a company that is a tax agent - Property tax Solutions Pty Ltd.

Have you planned for the succession of control of these trusts? Your kids could end up in a similar situation to you.

A lawyer would be needed for the legal side - winding up, advising on stamp duty issues and drafting documents. A tax agent for the tax side - CGT consequences. Fianncial planner - not needed unless you want advice on where to invest the funds. This is a great example of trusts and...