Family Trust

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

Generally speaking, yes, however this is not advised.

The definition of Beneficiary in most Family Trust deeds is very broad so it may not ever be necessary to add a Beneficiary. It is also worth noting that if a Beneficiary that could not be contemplated under the wide definition is added, then the addition can create a resettlement which can result in Capital Gains Tax and Stamp Duty being required to be paid for a second time. We suggest you seek independent legal advice before looking to add beneficiaries to an already settled trust.

Family Trust

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