Trust formation services involve the establishment and management of trusts, which are legal arrangements where one party (the trustee) holds and manages assets for the benefit of another party (the beneficiary). These services are often used for estate planning, asset protection, and tax planning. Here’s an overview of what these services typically include:
Consultation and Planning:
Professionals will assess your needs and goals to recommend the best type of trust for your situation, whether it's a revocable trust, irrevocable trust, charitable trust, or another type.
Drafting Trust Documents:
Creating the legal documents necessary to establish the trust, including the trust agreement or declaration, which outlines the terms, powers, and responsibilities of the trustee and the rights of the beneficiaries.
Asset Transfer:
Assisting in transferring ownership of assets into the trust, which might involve retitling property, changing beneficiary designations, or other actions to ensure that assets are properly transferred.
Trust Administration:
Ongoing management of the trust, which can include handling investments, making distributions to beneficiaries, filing tax returns for the trust, and ensuring compliance with legal and fiduciary duties.
- Melton
- Aintree
- Williams Landing
- Bacchus Marsh
- Wyndham
- Point Cook
- Plumpton
- Tarneit
- Truganina
- Hoppers Crossing
- Werribee
We prove Accounting services in Melbourne and Near Areas – Below the areas
- Income Tax Return Melbourne
- Income Tax Return Tarneit
- Income Tax Return Laverton
- Income Tax Return Williams Landing
- Income Tax Return Truganina
- Income Tax Return Wyndham Vale
- Income Tax Return Point Cook
- Income Tax Return Werribee
