Trusts and Estates
Many people leave themselves exposed in business because they fear the complexities of Trusts and Estates. Barringtons will debunk many of the misconceptions about protective structures and can advise on a range of trusts including:
Discretionary Trusts (Family Trusts)
Where the trustee decides which beneficiaries should receive income or capital distribution from the trust and to what extent.
Unit Trusts
Nominate beneficiaries who would like to hold units in a trust in order to receive a set proportion of the income or capital distribution from the trust, much like a company.
Hybrid & Property Trusts
Protect your assets while providing access to many effective wealth acceleration and estate planning strategies.
Testamentary Trusts
As part of your Will, a testamentary trust can assist in safeguarding all or a portion of your estate.
Superannuation Proceeds Trusts
Established to receive a lump sum death benefit payment from a superannuation fund, these trusts take advantage of concessional tax treatment, direct assets to specific dependants, and can flexibly distribute income and capital yearly.
Protective Trusts & Special Disability Trusts
Earmark funds for specific purposes or access, such as for a disadvantaged or spendthrift child.
An unplanned event such as a sudden death is a difficult time for loved ones to deal with. Once the stark emotional grieving has subsided focus is then drawn to the future. You can avoid family feuds or costly misunderstandings later by working now to ensure your wishes and intentions are clearly and legally documented. We can assist you with:
Wills
Barringtons can assist with the preparation of a clear and comprehensive Will, and advise you on hidden legal, financial and tax problems.
Enduring powers of attorney
Advising on the benefits to make financial decisions on your behalf if you are ever unable to do so.
Estate administration
Barringtons complete executorial and estate administration services will minimise the time-consuming and legal burden of your beneficiaries having to deal with the administration and management of your estate.
We can advise you on a range of trusts.