The concept of a trust is one of the great inventions of English law. It was developed over the centuries to become a vital part of the modern Australian legal system.
To be put simply a trust is formed between three people, a settlor, trustee and beneficiaries. The settlor provides trust ‘property’ to the trustee to be managed for the benefit of the beneficiaries.
Trusts can have several different types; discretionary, fixed (unit) or hybrid. Each can have great tax and asset protection benefits when used property as part of any strategic financial plan.
Whether you are in business or an individual this may be a solution for you and our role is to design the strategy to make sure it all works.