Hi all, My wife's former partner has died. He leaves behind my minor stepson who has been awarded his superannuation death benefit of $350k. My wife has been told by the fund to set up a trust with her 6-year-old son as the sole beneficiary. She is chatting to an accountant about this but everyone seems so shady on the rules. What we need to know is; 1. We've been told this will be a discretionary trust. Does that sound right? 2. My wife will be charged with investing these monies until her son is 18. She wishes to purchase a duplex nearby her son's paternal cousins home down south. Her hope is that she can rent it in a holiday rental manner to derive some income while it also builds capital growth, but also use it to take her son to on school holidays to spend time with his paternal cousins. A friend told us this would be illegal as she is the trustee. She won't be allowed to stay in the duplex as that would be her 'benefitting' from her role as trustee. This is all very confusing. As his mother, and given that he's 6, anything he benefits from (in terms of getting to know his cousins by staying in this duplex purchased by the trust) she obviously has to facilitate. He's a small child! Who could sue her for this? And how do you work out where the lines are blurred? She's really worried after what her friend (who is studying law) warned her of, as the duplex holiday rental and helping her son get to know his cousins from his deceased father's side is her dream is to create holiday memories there with her son's cousins (he's enamoured by these boys!) and then on his 18th birthday say to him, 'you know our duplex we stay in for holidays to see the boys? It's yours!'. But it's illegal if the trust purchases it with her as trustee and she stays in it too with her 6-year-old? What body oversees trusts? We know the ATO but who else? Thank you.