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About Trusts

Stacks of Coins
basic single family home with grandparents and mum and dad of family standing on the front

What can a Trust achieve?

  • Relationship breakdown protection

  • Safeguarding beneficiary inheritance

  • Residential Care Subsidy  

  • Tax planning benefits

  • Business succession planning

  • Ringfencing a business

  • Ringfencing real estate

Why does a Trust work?

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  1. Legal ownership is moved from you to the Trust.

  2. The Trust is ringfenced from personal obligations.

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Family
Partnership

How does a Trust work?

A Trust works by:

  • An Establisher (you) sets forth determinations in a Deed

  • This passes legal ownership of a new Trust to the Trustees (you and other(s))

  • The Trustees are governed by the Deed

  • A Trust will gain assets though gifts (from you or others) or income

  • The Establisher may have set beneficiaries (including but not limited to: themselves, family members and miscellaneous individuals)

  • The Establisher may alternatively elect discretionary beneficiaries (ad hoc beneficiaries).

  • From time to time, the Establisher may update the Deed to reflect updated preferences. 

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