We’ve Got You Covered
In the field of trusts, we serve as your trusted advisors. Our team brings a wealth of experience. With unwavering commitment, we pay meticulous attention to every aspect of trusts, serving as your dependable legal advisors.
Adriana Care
Managing Partner
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A trust can be a great way to protect your wealth. However, the process involved in setting up a trust can be complex. Coutts Lawyers & Conveyancers can provide you with advice as to the right structure and can help you understand your taxation requirements to protect your future.
Coutts can advise you on the following:
- Providing comprehensive advice on trust structures
Coutts guides clients through the intricacies of trust structures, ensuring they understand the benefits and implications of each to make informed decisions tailored to their unique circumstances.
- Drafting trust instruments
Beyond mere drafting, Coutts creates trust instruments that align perfectly with the specific goals and objectives of the settlor, ensuring longevity and clarity in the trust’s purpose.
- Reviewing and advising on existing trust instruments
By meticulously examining current trust documents, Coutts offers insights and recommendations to ensure that the trust continues to serve its intended purpose and benefits the beneficiaries optimally.
- Varying existing trust instruments
Recognising that circumstances and objectives can change, Coutts provides expert advice on how best to amend or modify existing trust instruments to reflect new realities or goals.
- Acting in litigation regarding the obligations of the trust parties and their rights
Coutts offers robust representation in legal disputes concerning trusts, always prioritising the protection of our client’s interests and ensuring the principles of trust law are upheld.
How can Coutts help you?
Understanding and managing trusts is crucial for the safeguarding of your assets and ensuring future financial security. Regular reviews of existing trust instruments are paramount to ensure they align with your evolving needs and objectives.
At Coutts, we recommend periodic and thorough evaluations of your trust documents to ensure they continue to serve your best interests. Whether you’re looking to reassess your current trust or considering the advantages of establishing a new one, our expert team stands ready to guide you.
If you’re seeking to elevate your business arrangements and fortify your asset protection, Coutts is the partner you need. Embark on a journey with us, a partnership that is dedicated to your success. Contact Coutts today and transform the way you navigate the complexities of trusts.
What to Expect with Coutts Lawyers
Step 1: Initial Contact
Reach out to Coutts Lawyers via our website, phone, or in person. Briefly describe your matter.
Step 2: Consultation Appointment
Schedule and attend a meeting with a Coutts lawyer / Conveyancer to discuss the specifics of your matter and desired outcomes.
Step 3: Information & Legal Advice
Share all related documents and information. Your lawyer / Conveyancer will review everything, clarify aspects as needed, and then advise on the best action course.
Step 4: Action Plan Development
Based on the advice, an appropriate action plan will be formulated. This may involve communication, documentation processes, or further legal steps.
Step 5: Implementation
Execute the action plan, addressing a range of legal scenarios as necessary.
Step 6: Resolution & Closure
Navigate towards a resolution, with the path determined by the nature of the matter. Your Lawyer / Conveyancer will outline any final actions or considerations.
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Introducing Adriana
Your Compassionate Lawyer
Meet Adriana, The Managing Partner at Coutts Lawyers & Conveyancers, and the head of our esteemed Property and Commercial Law teams. With over twenty years of expertise, Adriana’s profound experience has fostered unwavering trust among her clients and solidified her esteemed standing within the Macarthur community. Her stature as an authority in Property and Commercial law is well-established.
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Trust FAQ’s
A trust in Australia is a legal structure that allows one party (the trustee) to hold and manage assets or property for the benefit of another party (the beneficiary). The trustee has a fiduciary duty to act in the best interests of the beneficiary.
Common types of trusts in Australia include discretionary trusts, unit trusts, fixed trusts, and testamentary trusts. Each type has specific features and purposes, such as asset protection, tax planning or estate planning.
Trusts in Australia may be subject to different tax rules depending on their type and purpose. Discretionary trusts, for example, provide flexibility in distributing income to beneficiaries, potentially resulting in tax advantages. However, it’s important to comply with tax laws and regulations.
Trustees in Australia have legal responsibilities, including the duty to act in the best interests of beneficiaries, manage trust assets prudently, avoid conflicts of interest, and provide accurate accounts and reports to beneficiaries.
Setting up a trust in Australia involves creating a trust deed and appointing a trustee. Legal and financial considerations include selecting the right type of trust, understanding tax implications, and complying with all legal requirements, including stamp duty and registration.
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