Task 2 will assess your understanding of the legal subject matter and your ability to present your knowledge orally clearly and concisely.

Your client, Yin, needs advice as she is part of a successful business and now has a family with dependent children. She is considering the benefits and disadvantages of a trust structure to support the family and, possibly, for income purposes. She needs your advice.

You will give the client advice on setting up a trust to mitigate taxation and support income-splitting over family members.

You must be able to explain clearly the benefits and disadvantages of creating a trust structure for the family, including the set-up and on-going costs and requirements. You should present the progression through a reason basis for the advice given to the client. You should be clear on issues and potential problems of the proposed change.