Discretionary Trust.

 

Features of our single family discretionary trust deeds are:

 

• copes with the post ‘Bamford’ necessities

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• the trustee decides what is income

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• they protect the trustee against liability under the prudent person rules that now form part of the Trustee Act

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• the deed protects directors of corporate trustees against personal liability to the extent permitted under the Corporations Law

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• our deed normally satisfies all bank requirements, although sometimes not without argument with the bank

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• the deeds contain power to add and delete beneficiaries

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• we have a linear class of eligible beneficiaries

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