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What is the Role of a Settlor?

A person who has been named as Settlor in a discretionary trust only has one duty to undertake,  he/she makes a gift of the “settled sum”, usually a nominal amount…

Responsibilities Imposed on Directors

There are numerous and important legal responsibilities imposed on directors under the Corporations Act 2001 and other laws, including the general law. Of these duties, some of the most significant are: to act in…

Family Trust Vs Unit Trust

Family or Discretionary Trust A trust is basically a legal structure whereby a person or company (the trustee) holds assets on trust for the benefit of a group of beneficiaries.…

What is a Beneficiary?

A beneficiary is a person for whom a trust is created & who receives the benefit of that trust. With regard to most discretionary trust deeds “specified beneficiaries” are listed…

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