Personal injury

Trusts

What is a Trust?

A trust is a legal arrangement where one party, known as the settlor, transfers assets to another party, known as the trustee, to hold and manage those assets for the benefit of a third party, known as the beneficiary.

Types of Trusts

There are several types of trusts, including:

  • Revocable Trust
  • Irrevocable Trust
  • Discretionary Trust
  • Unit Trust

Setting Up a Trust

Setting up a trust involves creating a trust deed that outlines the terms and conditions of the trust, including the identities of the settlor, trustee, and beneficiaries, as well as the assets held in the trust.

Frequently Asked Questions

1. How can Wright Street Lawyers assist with setting up a trust?

Wright Street Lawyers in Adelaide can provide client-focused legal advice on the different types of trusts available and help you set up a trust that meets your specific needs and objectives.

2. What are the benefits of creating a trust?

Creating a trust can help protect your assets, provide for your loved ones, and minimise estate taxes. Our team at Wright Street Lawyers can explain the advantages of establishing a trust in your particular situation.

3. Can a trust be contested in Australia?

Yes, trusts can be contested in certain circumstances. If you are facing a trust dispute, our experienced lawyers at Wright Street Lawyers can provide legal representation and guidance to protect your interests.

Contact Wright Street Lawyers in Adelaide

For client-focused legal assistance with trusts, estate planning, and other legal matters, contact Wright Street Lawyers in Adelaide, South Australia. Our team of experienced lawyers is dedicated to providing personalised and effective legal solutions tailored to your needs.

Call us at 08 XXXX XXXX or email info@wrightstreetlawyers.com.au to schedule a consultation.

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