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I have a question in regards to a family trust. Not a paid
I have a question in regards ***** ***** family trust … read more
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Leon
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Master's Degree
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I am after some basic advice to understand how our
Hello - I am after some basic advice to understand how our discretionary trust has been structured … read more
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I am a beneficiary of a fixed trust set up in 1983 to
I am a beneficiary of a fixed trust set up in 1983 to control, manage & administer the retirement village in which I occupy a Unit under an assignable lease. I have a fixed unit entitlement to the ass… read more
Leon
Leon
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Master's Degree
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I'm 71. and am aware that, if the situation arose and I had
I'm 71. and am aware that, if the situation arose and I had to go into an aged care facility, I would possibly have to sell my house (which I own outright to "buy' into the facility.) I have heard tha… read more
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Discretionary family trust distribution I have a discretionary
Discretionary family trust distribution I have a discretionary family trust receiving income (distribution ) from a unit trust. Can distribution from the family trust be contributed to an industry sup… read more
James D. Ford
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Myself and 4 others have setup a business run within a trust.
Myself and 4 others have setup a business run within a trust. We are paid wages of $125,000 each from this trust. we all have our owna family trust(discretionery) and at the end of the finacial year t… read more
James D. Ford
James D. Ford
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I am trying to get a third opinion due to the fact that I have
I am trying to get a third opinion due to the fact that I have received contradictory advice to date. Settlors, husband and wife, set up mirrored trusts in New Zealand many years ago. Husband died and… read more
Andrea, Esq.
Andrea, Esq.
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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
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Leon
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What is the purpose of setting up a Discretionary Trading Trust?
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Sean
Sean
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My father severed all relationships with a Family Trust some
My father severed all relationships with a Family Trust some years ago.(appointer,Directorship etc). He may well continue to be listed as a beneficiary. The trust continues to list payments to him as … read more
Leon
Leon
Solicitor
Master's Degree
52,333 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
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Master's Degree
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When I initially set up my discretionary Family Trust my accountant
When I initially set up my discretionary Family Trust my accountant told me that I could, not only distribute income to my wife and children, but also my nephew, who was unemployed at the time. We hav… read more
Leon
Leon
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Master's Degree
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my husband and I are thinking of partnership in graphic design
my husband and I are thinking of partnership in graphic design business what is the flexibility in being able to involve our children or other third parties in the business at a later stage; and the t… read more
Leon
Leon
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Master's Degree
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We are farmers and our accountant is advising us to set up
We are farmers and our accountant is advising us to set up a discretionary Family Trust. Would this tie up the land if we want to sell in the future? What would happen to the trust if there is a death… read more
Peter G.
Peter G.
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I have a hybrid trust and need clarification on a clause
I have a hybrid trust and need clarification on a clause in the deed. There is a schedule setting out the characteristics of units and classes of units. The clause reads the right in common with the r… read more
Brisbane-Lawyer
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Master
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In a Discretionary Trust can the Deed contain a provision that 1.
In a Discretionary Trust can the Deed contain a provision that 1. any Income or Trust Fund Distribution is subject to Appointer(Principal) approval, and 2. any variations to Deed by Trustee is subject… read more
cmcd
cmcd
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My partner is becoming very stressed over a Will and an inheritance.
My partner is becoming very stressed over a Will and an inheritance. He and his siblings have been appointed trustees of an amount of money coming from the UK. I am concerned that my partner's ex-wife… read more
Maurice
Maurice
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Master's Degree
1,980 satisfied customers
Hi, I live in Queensland, Australia and would like the following
Hi, I live in Queensland, Australia and would like the following question relating to distresionary trust anwsered, to our laws please. (I must prewarn you with my spelling. lol) 1/a. Distresionary tr… read more
Leon
Leon
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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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