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Thursday 20 November 2014

Need a Trust set up? Speak to 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.

Speak to the experts at G&B Lawyers.


Level 11, 65 York Street, Sydney, NSW 2000

Mail: GPO Box 1849, Sydney, NSW 2001

M: 0481 287 528

E: info@gandblawyers.com.au

W: www.gandblawyers.com.au

1 comment:

  1. Thanks a lot. Your contribution to the field is of immense help to us.Probate is the process of proving and registering in the Supreme Court the last Will of a deceased person. When a person dies, somebody has to deal with their estate.Estate Litigation Lawyers Sydney

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