Business & Family Trusts Townsville
What Is A Trust?
A trust is a legal arrangement where one party, the trustee, holds and manages assets on behalf of another, the beneficiary. The trustee has a legal duty to act in the best interests of the beneficiary, following the terms of the trust. The assets can include anything from real estate and investments to cash or personal property.
Trusts are often used for estate planning, protecting assets, reducing tax exposure, and managing finances for minors or individuals who are unable to do so themselves. They can be tailored for both personal and business purposes, offering flexibility, control, and peace of mind.
At CBC Lawyers, we make navigating trusts straightforward. Whether you’re setting up a family trust, business trust, or need help managing an existing one, our team is here to guide you. Based in Townsville, we proudly serve clients across North Queensland, including Cairns, Ayr, and the Burdekin.
What's The Purpose Of A Family Trust?
A family trust also known as a discretionary trust is a smart, flexible way to protect your wealth and plan for the future. It allows assets to be managed by a trustee for the benefit of family members, offering control, security, and peace of mind.
Family trusts are commonly used for estate planning, ensuring your assets are passed on according to your wishes. They’re especially helpful when beneficiaries are minors, have disabilities, or need financial guidance. These trusts also offer potential tax advantages by enabling income to be distributed across family members in a tax-effective way.
At CBC Lawyers, we help families create and manage trusts that safeguard their legacy and support their loved ones long into the future.
How We Can Help You With Your Family Or Business Trust
At CBC Lawyers, we realise trust law can be complex and difficult to navigate. That’s why we offer a range of services to help you set up, manage and administer your family or business trust.
Our team of lawyers can provide the expertise and guidance you need to ensure your trust is set up in accordance with Queensland law and your unique circumstances. We can help you identify the type of trust best suited for your needs, prepare the necessary documentation and agreements and provide tax advice.
We can also help you manage and administer your trust over time. Our team provides ongoing support, including reviewing existing arrangements, assessing restructuring options and providing training for members of your team.
How Do I Set Up A Trust?
If you’re interested in setting up a family or business trust, or need help managing an existing trust, look no further than CBC Lawyers. Our team of lawyers can provide you with professional advice and guidance to help you secure your financial future. Don’t wait any longer to take control of your estate planning and asset protection.
Reach out to CBC Lawyers today via our online contact form or give us a call on (07) 4772 3644. One of our team will schedule a consultation so you can take the first step towards setting up a trust to suit your individual needs.