This Update contains a recent article written by Allan Swan for CCH on amending the definition of income in family trust deeds following the release on 2 June 2010 of the Australian Taxation Office's decision impact statement in respect of the High Court's decision in FCT v Bamford.

This update provides a general summary of how recent and proposed changes in laws or their interpretation might have an impact on a person's estate planning and succession objectives in 2010.