Re Owies - Is a trustee’s discretion not as absolute as we think?

It’s often said that a trustee of a discretionary trust has absolute discretion, however the decision of Re Owies creates a new authority on a trustee exercising real and genuine consideration, and sends loud warnings to trustees and practitioners.
In this video, Tim Donlan and Tara Lucke step through the impact of the decision in Re Owies on trust and estate planning, including annual trustee distribution resolutions.
Whether you’re a lawyer, financial adviser or accountant, this session is a must watch.
See Part 2 of this video series here: • Key lessons from the R...

[@rtc3363]

Thanks for a very timely discussion of the case but it is impossible to hear what Tim was saying. Please do a mic test next time.

[@taralucke]

Tim’s audio is coming through fine when I listen to this video. It is slightly less loud than my audio but both are very clear at only 50% volume. Perhaps try a different device?