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Family Trust

Learn what a Family Trust is, the tax benefits of setting up a Family Trust in Australia and more.

Does a Family Trust have to have a Trustee?

Yes, every Trust  must have a Trustee. This is because the law requires that for a Trust to exist there must firstly be some Trust property and secondly, it is the Trustee (or Trustees) who hold the Trust property on Trust for a Beneficiary or Beneficiaries (there must be a separation between the legal and equitable ownership). A Trust is not considered a legal entity.

Family Trust

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