WA Trust Beneficiary rights

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Rookaya

Member
12 October 2018
2
0
1
Company is trustee for
Family Trust
Trading as a business

What are the nominated beneficiary rights?
 

Rob Legat - SBPL

Lawyer
LawConnect (LawTap) Verified
16 February 2017
2,452
514
2,894
Gold Coast, Queensland
lawtap.com
If it's regarding their rights to participate in the assets and income of the trust, as it appears from your post in the Other/General thread, it depends what the declaration of trust instrument says. If it is a discretionary trust, you have no 'right' to receive, but rather what is known as a 'mere expectancy'. You have the right to be considered for dividend, not an actual right to dividend.

You also have the right to due administration of the trust by the trustee.