Did you happen to notice those sneaky little questions on your Census form about Trusts? It’s a sure sign that the Government is now ramping up its interest in Family Trusts (which you might recall, we predicted over two years ago). So, what does this mean for you? It means getting your Trust paperwork absolutely perfect to ensure that your Trust provides the protection you set it up for. Otherwise, you could be in for a rude (and expensive) shock. To help you get started, we’ve attached links to some of our most popular articles about running family trusts properly. Enjoy!
What are you risking as a Trustee?
For some of us the closest we get to the excitement of an Oscar Nomination is being nominated to be a friend’s Trustee. But what exactly is a Trustee and can you get away with doing nothing more than signing a few forms every now and then? Click here to read more.
Do you need a Trust?
Despite what self proclaimed ‘experts’ would have you believe, Trusts aren’t right for everyone. If you live a safe little life, perhaps working for someone else and owning very little then the thousand odd dollars a year it costs to run a Trust probably isn’t worthwhile. If, on the other hand, you’re more of a go-getting risk taker then you really should read on.
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