Family Trusts under fire

016061344Did 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! Continue reading Family Trusts under fire

Are you running your Trust properly?

7600825_sPeople regularly horrify me with the crazy way they run their family Trusts.  What they don’t realise is that even the simplest Trust needs to be run properly for it to have any real legal protection.  Are you running yours properly?  Take our test to find out: Continue reading Are you running your Trust properly?

Do I need to do Accounts for my Trust

Annual ReportBlockbuster movies have us believing we’ll grow up to be something exciting like James Bond (or one of the Ghostbusters crew) but in reality I seem to have landed the much less coveted role of Myth-buster.  One myth I’m constantly up against is the one about Trusts not having to do Accounts (also known as financial statements) and like any urban myth there’s a minuscule element of truth to it but for the most part it’s completely wrong. Continue reading Do I need to do Accounts for my Trust

Risking it all as your friends Trustee

Trustee on Knife edgeFor 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?

Well, like anything in life, there’s always a tiny chance that you’ll get away with being a slacker but legally speaking being a Trustee comes with some chunky responsibilities and can put your own cash at risk Continue reading Risking it all as your friends Trustee