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Why Review Your Trust Deed?

Have your circumstances changed since you established your trust arrangement? If yes, you should review your trust deed to ensure it still achieves your objectives and is compliant with the latest legislation and case law.

Your Trust Deed is the rulebook for how your trust functions. It spells out how your trust’s assets are handled and distributed, as well as the rights and responsibilities of everyone involved – the appointor, trustee(s), and beneficiaries.

Here’s why you should consider having your Trust Deed reviewed:​​

  1. Understanding Purpose: Do you grasp why your Trust exists and what it aims to achieve?
  2. Understanding Terms: Are you clear on who benefits from the Trust, how assets are managed and shared, and what your role and duties entail?
  3. Compliance Assurance: Is your Trust compliant with the latest Australian trust and tax laws, which are constantly evolving?
  4. Flexibility for Changes: Do you know your Trust Deed can be adjusted to accommodate changes in your personal or business circumstances, or in the law itself?
  5. Dispute Resolution: Realize that your Trust Deed serves as a reference point for resolving potential conflicts between trustees and beneficiaries?
  6. Estate Planning: Recognize that your Trust Deed forms the basis for planning the future of trust assets in terms of succession or estate planning?

Before the end of the financial year, it’s wise to ensure your Trust aligns with your personal and business goals, creating a lasting positive impact for you, your family, and your business.

Our Legal team can give you peace of mind and reassurance by offering a summary of our thorough assessment of how well your Trust Deed aligns with your goals. 

Let us help you ensure your trust is on the right track to achieve what matters most to you.

This publication is intended for information purposes only and should not be regarded as financial or legal advice. You should obtain advice that is specific to your circumstances and not rely on this publication as financial or legal advice.  If there are any issues you would like us to advise you on arising from this publication, please let us know.