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Discretionary Trust

Discretionary Trust

Discretionary trusts (commonly known as “family trusts”) are created to hold assets for the benefit of a class of beneficiaries. Family assets are often held in a discretionary trust, under a discretionary trust or family trust deed, nominating family members as beneficiaries of the discretionary trust. This allows the family to direct the use of and benefit from the assets without ownership of them. In addition, discretionary trusts (family trusts) may provide protection of assets in the event of bankruptcy, family breakdown or challenges to a will.

Discretionary Trust



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