TrustsFamily Trusts and Trading Trusts have become very popular. That’s because they can provide a lot of benefits if you own property or a business. For example, tax minimisation, creditor protection and protection in respect of property claims. Later in life, they can help you obtain asset tested subsidies like rest home subsidies. Things to think about
The first question is, what do you hope to gain from setting up a trust? If you’re not sure, it may pay to do a bit of reading. There are a number of very good books on the subject, and you don’t have to be a lawyer to follow them.
You can also talk to us. Trusts aren’t right for everyone, and we’ll tell you if we think you don’t need one. And if you do, we’ll help you set it up in the way that works best for you and your family.
It’s very important to get things right from the start. Setting up a trust isn’t normally hard. Undoing what you’ve set up, or changing it, can be. How can we help
We can help you decide what type of trust (if any) is best for you. We can set it up for you and arrange the transfer of assets to your trust and ongoing administration. Costs
Around $1,200 - $1,500 including GST and disbursements.
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