Читать книгу 101 Ways to Save Money on Your Tax - Legally! 2022-2023 - Adrian Raftery - Страница 99

The cost of establishing and maintaining a trust can be high and may outweigh any benefits in having a trust structure, especially when the assets involved are not worth much.

The trustee is the legal owner of the trust property, and is responsible for managing the trust fund on behalf of the beneficiaries. The trustee has a legal duty to obey the terms of the trust deed and to always act in the best interests of the beneficiaries. A trust can operate for up to 80 years in Australia, though it is common to have a clause within the trust deed to allow the trustee the option of winding it up earlier if considered appropriate. Distributions must be documented by 30 June each year.