Trusts

What is a Trust?

Trusts come in various forms and are created for various purposes.

A trust is an arrangement where a person or organisation holds legal title to and manages the assets of the trust beneficiary. A trust is based on agreement between you (the person creating the trust), a person holding property (the trustee), and a person to receive benefit from the property (the beneficiary).  At trust created by a will is called a Testamentary trust and become effective after your death.

Our specialist estate planning team advises on all aspects of trusts, whether it is creating, managing, challenging, administering or winding up a trust. Our expertise extends to:

  • Testamentary Trusts
  • Special Disability Trusts
  • Inter vivos (or family) Trusts
  • Minor Trusts
  • Educational Trusts
  • Charitable Trusts

If any of the following questions apply to you, then we recommend that you contact us to obtain advice from one of our solicitors.

  • Do you have a beneficiary that is either too young to manage their own affairs or suffering from a disability?
  • Do you have a beneficiary who is in a fractious relationship or facing bankruptcy?
  • Are you part of a blended family?
  • Are you interested in minimising tax for your beneficiaries?

For more information or to make an appointment contact one of our Wills and Estate team:

p: 02 6206 1300 | e: info@elringtons.com.au