family trust

As a beneficiary of a discretionary trust, what are my rights? I don't actually receive any of the distributions that are made to me, but my tax assessment shows I earn a lot more than I actually do because of these distributions. What are my rights here? Should I be receiving these...

So how about if the assets/money was left in a non discretionary Family Trust, of which you are only a part beneficiary ?

Need some help. I live in Qld but all the rest of my family live in Melbourne. My father has died recently. I am in my mid 50’s. When I was 16, I needed my passport to go on school exchange. Mum and Dad sat me on couch and explained that Dad’s name was not on birth certificate because dad was...

I'm starting an online business and have been advised by a lawyer to start a company limited by shares but when I spoke to the accountant, he suggested a company as trustee for a trust. - Example Pty Ltd as trustee for the Example Unit Trust, as business owner - Bman as trustee for the Example...

Intended to get investors on board to help in assisting with raising capitals for my new businesses. Looking at setting up a Company Pty Ltd (proprietary limited company) or Company Ltd (public company) for company registration. Also have intended to make voluntary contributions to at least...

Hi. my sister & partner are living in a house near Ballarat in Victoria. the house is in family trust with my father. they have been paying the mortgage for 4 & a half years. the house was supposed to be signed over to them when 5 years was up. but my father has now turned on them. he went to...

Can I get a divorce while name is on a family trust?

Hello, My Husband and I are looking to revise our wills. We presently have assets (property and shares) in a Family Trust. We also own our Principal place of residence (held in joint names), superannuation, life insurance and cash, which we would look to will into a Testamentary Trust for our...

I am one of 5 children (aged between 51 and 60) that have just been bequeathed a house from our Mother's Will. In you opinion is it better for us to own the house as 5 x Tenants in Common, or to set up a Family Trust which owns the house, and the 5 of us, be trustees to the Family Trust. If...