The Advantages of a Family Protection Trust

The Family Protection Trust provides for blood relatives beneficiaries only and provides protection from family provisions claims and also family law for future beneficiaries.  It is the same as our Leading Member Discretionary Trust and you can find the difference between a standard discretionary trust and Leading Member/Family Protection Trust here: Leading Member Discretionary Trust - All You Need To Know

If you are building and settling most of a person's wealth in a family protection trust their Will is going to be very basic as the assets within the trust fall outside the estate.  And with NSW it is crucial as the family provisions claims in NSW are very easy - even friends have been able to stake a claim..

Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024