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Along with 3 other family members we established a unit
Along with 3 other family members we established a unit trust to buy a property. The structure has the 3 beneficiaries with the partners as trustees. Unfortunately this structure does not suit our goa… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
I am considering purchasing an investment property through
I am considering purchasing an investment property through my discretionary family trust fund. Therefore, the title to the property will be held indirectly through the family trust and with correspond… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
I have A Family Discretionary Trust with a Pty Ltd Company
I have A Family Discretionary Trust with a Pty Ltd Company as a the Corporate Trustee. I found out a few days ago that the Corporate Trustee Company has been deregistered by ASIC a few months ago as m… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
We purchased a block of land in Perth in 2005 and signed the
We purchased a block of land in Perth in 2005 and signed the offer and acceptance form in our own names as Trustees of our Discretionary Family, a house was built and Family Trust monies were used to … read more
Patrick H.
Patrick H.
Lawyer
5,422 satisfied customers
Leon, From my understanding: A person is an entity. A
Hi Leon, From my understanding: A person is an entity. A company is an entity. A family trust is not a separate entity like a company it does not have an ACN, the assets and decisions are made by a Tr… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
My husband was made bankrupt approx 2.5 years ago. 8 months
My husband was made bankrupt approx 2.5 years ago. 8 months before he was made bankrupt he transferred a property that we jointly owned to me, we had no idea at this time that he would be made bankrup… read more
Patrick H.
Patrick H.
Lawyer
5,422 satisfied customers
I need some advice for an existing family trust. Changing
I need some advice for an existing family trust. Changing the existing Trust to include Hybrid fixed and discretionary so the Trust lives on after the death of a main beneficiary. Do you handle this t… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
If members of a family set up trust which owns property, can
If members of a family set up trust which owns property, can a spouse (who is not a member of the trust) of a member successfully make claim from the trust in the event of a divorce settlement?… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
You say (opposite)that a trust can protect other members
You say (opposite)that a trust can protect 'other' members of the family from bankruptcy, but what about the person who actually generates the bulk, if not all the income?… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
My business is registered as a partnership between two family
My business is registered as a partnership between two family trusts. If the business goes bankrupt, what protection do the trusts offer?… read more
Patrick H.
Patrick H.
Lawyer
5,422 satisfied customers
With a family trust, can I distribute income to both a company
With a family trust, can I distribute income to both a company and individual beneficiaries? Can all the income be distributed to the company? If assets are held in the trust for longer than 12 months… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
My husband and I have been sepertated for over 12 months. Our
My husband and I have been sepertated for over 12 months. Our house was given to us by his parents the title deeds were in both our names.. my husband owes the tax department $150,000 because of this … read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
I have a member of my family who, along with his wife, has
I have a member of my family who, along with his wife, has been declared bankrupt. They were guarantors for a loan by company which went into liquidation. My parents would like to buy him and his wife… read more
Patrick H.
Patrick H.
Lawyer
5,422 satisfied customers
Could you please tell me how to remove someone from a Family
Could you please tell me how to remove someone from a Family Trust. We have a family member who enticed our elderly parents to form a family trust on the house and then they borrowed $130,000 against … read more
Patrick H.
Patrick H.
Lawyer
5,422 satisfied customers
hi, we are setting up a family trust - one of the units will
hi, we are setting up a family trust - one of the units will require a motor vehicle to be purchased through a loan. Is there any advantage in obtaining the loan in the trust's name (presumably along … read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
my partner and I own investment properties. Some in joint names
my partner and I own investment properties. Some in joint names some in individual names. We are interested in assett protection against litigation, not that their is any problem at this time or the f… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers
Hi, I am wanting to set up a descretionary trust and new company
Hi, I am wanting to set up a descretionary trust and new company which will be a "replacement arrangement" for our current company. My goals are assest protection and building wealth to buy properties… read more
Brisbane-Lawyer
Brisbane-Lawyer
Solicitor - Admitted 2005
Master
14,361 satisfied customers
What happens when one partner in a marriage is being sued for
What happens when one partner in a marriage is being sued for serious money and all major assets including the family home,holiday unit, investments and so on are either owned in the name of the other… read more
Leon
Leon
Solicitor
Master's Degree
32,717 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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