Setting up a trust involves the drafting of a trust deed. A trust deed will entail the terms and conditions under which the family trust is set up and maintained and who the trustees will be. A trust is established when the trust’s settlor and trustees sign the trust deed, and the settlor giving the assets or properties to the trustees.
It is important that the details of the trust deed clearly explain the beneficiaries and the rights of each beneficiary. AGC Lawyers can assist you in drafting your trust deed and ensuring that the terms and conditions reflect your long-term goals. If you would like to set up a company to become the beneficiary of the family trust, our team can assist you in drafting the company constitution and choosing the directors for the company.