3370 5100

What type of trust is right for me?

There are five types of trust that a settlor can choose to distribute their assets as part of a comprehensive estate plan.

Financial and property matters can be a cause of stress when planning a will. A trust acts as a mechanism to bequeath your possessions how you want. An executor holds or distributes your money or estate according to your wishes. 

A trust is a form of division of assets between one of more beneficiaries and a settlor. The settlor is the person who creates the trust. The assets are transferred to the beneficiary.

Why do I need a trust?

Trusts are an important way of ensuring your assets are distributed per your wishes on your passing. Trusts can be set up in order to provide for children or charitable causes, preservation of assets or tax planning.

What types of trusts are there?

What type of trust you choose is dependent on the needs and circumstances of the beneficiary. There are five trust structures to choose from, explains the Queensland government.

A trusts lawyer can talk you through the benefits of a trust and how to set one up.