In this edition of ‘It depends’, associate Sacha Robinson talks about appointing or removing beneficiaries of your family trust.
Hi. Welcome to today’s edition of It Depends. Today we will be talking about appointing or removing beneficiaries of your family trust.
What happens if I appoint or remove beneficiaries of my family trust.
Should I appoint or remove beneficiaries of my trust?
Firstly, you should consider why you want to appoint or remove beneficiaries of your trust and whether it is even necessary. There are many reasons why you may want to appoint or remove – certain beneficiaries of your trust, for example, it may be a requirement of a bank or financial institution. Or it may be a condition of a family law settlement. There are also more general reasons why you may want to narrow the categories of beneficiary of your trust. For example, for payroll tax reasons or to exclude foreign persons for land tax and duty surcharge purposes.Back to News
The closest train stations are Town Hall, taking the Park Street exit, or St James Station, taking the Elizabeth Street exit. John R Quinn & Co. is on the corner of Park and Elizabeth.
Best parking is in the Domain parking station. Take the moving footway and cross Hyde Park to reach our offices.