Trusts
If you need or wish to protect
assets from creditors or protect assets from family law claims,
then you should consider a trust. It is important that you have a
clear understanding of the purpose of a trust and how it will work
for you.
The Home Transfer Centre can give
you expert advice on setting up a trust and will provide you with a
competitive quote that includes all likely costs and ongoing
charges.
You need the following information
to form a trust:
- Full names, addresses and
occupations of the person(s) you want to be the Trustee(s) of the
trust. This is the person who will administer the
trust.
- Full names, addresses and
occupations of the person(s) you want to be the Beneficiaries of
the trust. The person who will receive income or assets from
the trust.
- Full names, addresses and
occupations of the person(s) who the assets go to in the event all
the Beneficiaries pass away.
- The name you would lilke to call
the trust.