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

Do I need a Trust?

5775915_sFamily Trusts aren’t right for everyone.  If you live a quiet little life, working for someone else and owning very little then the thousand odd dollars a year it costs to run a Family Trust probably isn’t worth it.  If, on the other hand, you’re more of a go-getter and own your home along with a successful business then having a Trust is not at all dissimilar to having an insurance policy to protect your assets if things go bad. Continue reading Do I need a 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