Trusts are a concept mostly exclusive to English law whereby a person or company is able to hold certain property in trust for the benefit of one or more others thereby managing the property for those persons.  Trusts are subject to specific rules for taxation and asset protection purposes which often make them great structures to use in small to medium size businesses and sometimes larger businesses also.

At Bennett & Philp we take pride in our knowledge and experience in providing structuring advice which includes advice on all forms of trusts including:

  • family trusts and other discretionary trusts
  • unit trusts
  • bare and fixed trusts
  • self managed superannuation funds including custodian trusts for limited recourse borrowing.

We have strong templates developed over many years to ensure the trusts we prepare are compliant with current tax requirements and the best structuring strategies.

In addition to providing advice on trust establishment and structuring we also review and provide advice to clients wishing to enter into investments by way of trusts including:

review and advice on documentation for entering into managed investments schemes and business unit trusts

review of pre-prepared trust deeds and updating trust deeds including replacement of trustees and updating of trust registers and land titles.

review of loan documentation and pre-prepared trust deeds for limited recourse borrowing arrangements by self managed superannuation funds.

If you are considering establishing a trust or need advice or assistance in relation to a trust call our business and commercial law team today.