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…
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…
While most people will already have a Will in place, very few people will make provisions for someone to make important decisions when they are not able to. That is where an Enduring Power of Attorney comes in. An Enduring Power of Attorney gives the person you nominate the power to make decisions on your…