Trusts

 

“Put not your trust in money, but put your money in trust.”

 

Oliver Wendell Holmes, Sr.

Trust law is unavoidably complicated. However, Our lawyers’ experience in trusts can clarify and simplify them for you.

Business and Commercial Trusts

The most common trusts used for business and investment purposes in Australia are:

  • Discretionary (‘Family’) Trusts

These are very flexible structures that are established for asset protection and tax-minimisation reasons.

  • Unit Trusts

These are more ‘rigid’ than a Family Trust, but are also widely used for business and investment purposes.

Testamentary Trusts

Testamentary Trusts are simply trusts established within a Will. They have numerous benefits. Similarly to commercial trusts, those benefits generally fall into the categories of either Asset Protection or Tax Minimisation. It is a common misunderstanding that only ‘wealthy people’ need a Testamentary Trust in their Will. Our lawyers can discuss whether a Testamentary Trust would be of any benefit to your circumstances.