Gift duty may have been abolished on 1 October 2011, but it should not be cause for clients to be any less diligent with the operation of their family trust. SHARE recommends clients still seek legal advice relating to the transfer of assets into a family trust, how it should be correctly documented and the correct processes to be followed each year.  There will no longer be any gift duty payable but the correct documentation and processes need to be followed to ensure family trusts remain robust and assets protected. Call Neil for general information relating to the abolition of gift duty and to assess if your assets are held…