General Law

How do I remove a trustee? – QLD

What is a trustee? A trustee is the person in charge of the trust. They manage the trust’s assets, do business on behalf of the trust and distribute any income that an asset earns to the beneficiaries during the life of the trust. While a trust is a very common business structure in Australia, it…

General Law

Trusts, Trustees and Beneficiaries – QLD

What is a trust? Put simply, a trust is a relationship between 3 people: a settlor, a trustee and a beneficiary. Despite what many believe, it is not something just for incredibly wealthy families, and also not just for an entity like a company is. Here is a simple explanation into the different components that…