Posts Tagged ‘family trust new

Unfortunately, most people think that once assets are placed in a Trust they are protected forever! However, this is simply not the case. If a Trust is found to be a “sham”, then asset protection can be lost. So what is a Sham Trust?

Imagine the excitement. You have worked, saved and hunted hard. Finally, you have found a home perfect for you. Moving day arrives and you and your possession make their way to your new castle. Over the next coming months, you plan the alterations you want to make and the things you want to buy to make your new abode your private haven.

More and more ‘average’ Mums and Dads are choosing to use a family trust for a variety of reasons that include:

Family Trusts are a very effective way for anyone to protect their assets from a wide range of events that in many cases are beyond our control.

Family trusts are like an insurance policy. Among other benefits, they are designed to protect you from an adverse event, if and when one happens. It’s obvious that we don’t know what those ‘events’ could be for you. We hope they never occur.

Historically, it has been thought that a Beneficiary’s right to information stemmed from whether they were a Fixed or a Discretionary Beneficiary.