Setting up a Trust with G&B Lawyers

Trusts can be used as a tax minimisation strategy; as a means of providing shared income for family members; to minimise the risk of creditors making a claim against your assets; and to place valuable assets out of the direct control of individuals at risk of making poor decisions that may affect a number of stakeholders involved. 

One type of discretionary trust is a family trust.

A trustee (frequently one of the family members) is elected to hold assets in their name for the benefit of a group of beneficiaries.

Although one or more person can be elected as trustee, so to can a company. This is beneficial in terms of avoiding difficulty experienced in situations such as the death of a trustee, or in circumstances where a trustee is declared bankrupt. 
G&B Lawyers can assist you with:

• Drafting trusts
• Reviewing trusts to ensure they comply with financial and trust-related legal requirements
• Advice for your accountant to make suitable arrangements
• Advice for structuring your trust in ways to minimise the chance of claims being made under family law or debt recovery proceedings.

M: 0481 287 528

E: info@gandblawyers.com.au

W: www.gandblawyers.com.au

GPO Box 1849, Sydney, NSW 2001