A Guide to Family Trusts
One of the few certainties in life is change. Although change can be exciting, it can also create significant financial risks for you and your family. Establishing a family trust can help to protect you and your family from these financial risks.
The aim of this booklet is to provide you with the information you need to make the following three decisions:
- Whether establishing a family trust is appropriate for you and your family.
- How to establish your own family trust.
- How to administer your family trust after you have set it up.
A family trust should be designed to protect you and your family. As everybody's situation is different, family trust arrangements need to be tailored to your particular situation. The information in this booklet provides a general guideline but cannot replace the detailed legal advice you will receive from your Lawlink lawyer. If you decide to establish a family trust, your Lawlink lawyer will ensure that the trust arrangements you put in place are tailored to meet the needs and aspirations of you and your family.
You will note that a number of terms throughout the document are printed in bold type. These terms are particularly significant and you can find a useful explanation of these terms at the end of the booklet.
See attached booklet published by Lawlink, a network of independent legal practices nationwide, for further information.
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