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Navigating Trustee Responsibilities in Victoria: Your Essential Guide to Protecting Beneficiaries
Are you a trustee or about to become one? Your role as a trustee is crucial in safeguarding assets and benefiting others. In Victoria, the responsibilities of a trustee are governed by both common law and legislation. Understanding these duties is paramount to avoid personal liability and ensure the trust’s success. Let’s explore the dynamic […]
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Business Structures – Trusts
When commencing a business venture, it is necessary to consider the most appropriate type of business structure to put in place. Different business structures have different benefits and disadvantages. This article looks at trusts – how to set up a trust and the pros and cons of the trust structure. Key Features A trust is […]
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Testamentary Trusts
Testamentary trusts can be very effective estate planning tools to assist in providing for spouses, children and grandchildren, and are becoming increasingly popular as more people become aware of their advantages. A Testamentary Trust is any trust established under a will, but the term is usually used in the context of a discretionary family trust […]
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