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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.

Who are the Additional General Beneficiaries?

The Additional General Beneficiaries (otherwise known as general Beneficiaries) are Beneficiaries who fall within a very general description of Beneficiaries. They are in some general way related or associated (often quite distantly) to the Nominated Beneficiaries (they may include Companies, Trust, Superannuation Trusts and the like in which a Nominated or other General Beneficiary has an interest).

Our order form invites you to nominate “Additional General Beneficiaries” if you choose. Individuals or entities named as Additional General Beneficiaries are Beneficiaries of the trust but do not benefit from the lineal or lateral provisions that the Nominated Beneficiaries enjoy. I.e. the Trustee has no discretion to distribute income or capital to related individuals or entities related to the “Additional General Beneficiaries”.

A Charity can be an Additional General Beneficiary.

Family Trust

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