Here is the situation:
There is a Family Trust of which parents are the current beneficiaries. On their death there are 3 siblings which will become the beneficiaries of the Trust which consists of a share portfolio only.
The discussion is around when the parents die; If two of the beneficiaries wanted to 'cash out' how is this best done?
If the third wanted to keep 'their 1/3' of the share portfolio in the Trust and collect the dividends can this be done?
How and what is the most tax effective way for this to happen?