Steven M Clark Lawyers can assist you with structuring your business or investments through discretionary and family trusts.

Trusts can be used:

  • as a legitimate tax minimisation strategy;
  • as a means of providing shared income for family members;
  • to minimise the risk of creditors making a claim against your assets; and
  • to place valuable assets out of the direct control of individuals at risk of making poor decisions that may affect a number of stakeholders involved.

The most popular type of discretionary trust is the family discretionary trust. A trustee (frequently one of the family members) is appointed to hold the assets of the trust in their name for the benefit of a group of beneficiaries. Although one or more person can be elected as trustee, so too can a company. Appointing a corporate trustee is beneficial in terms of avoiding difficulty experienced in situations such as the death of a trustee, or in circumstances where a trustee is declared bankrupt.

Steven M Clark Lawyers can assist you with:

  • Drafting of the original Trust Deed or Deeds varying it
  • Reviewing the Trust Deed to ensure it complies with financial and trust-related legal requirements
  • Liaising for your accountant to make suitable arrangements
  • Advice for structuring your trust in ways to minimise the chance of claims being made under family law or debt recovery proceedings.

Contact us about your situation today.

Call (08) 8522 6025 or email law@stevenmclark.com.au to find out more or to arrange a consultation with one of our experienced Gawler trust lawyers.