{"id":233,"date":"2020-10-13T22:11:26","date_gmt":"2020-10-13T22:11:26","guid":{"rendered":"https:\/\/matthewd77.sg-host.com\/?p=233"},"modified":"2021-03-15T05:04:48","modified_gmt":"2021-03-15T05:04:48","slug":"setting-up-a-discretionary-trust","status":"publish","type":"post","link":"https:\/\/aerogroup.com.au\/zh\/setting-up-a-discretionary-trust\/","title":{"rendered":"Setting up a discretionary trust"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"233\" class=\"elementor elementor-233\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ddd5642 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ddd5642\" data-element_type=\"section\" data-settings=\"{&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-02d9a4c\" data-id=\"02d9a4c\" data-element_type=\"column\" data-settings=\"{&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d589381 elementor-align-center ob-has-background-overlay elementor-widget elementor-widget-post-info\" data-id=\"d589381\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-992a0a1 elementor-inline-item\" itemprop=\"author\">\n\t\t\t\t\t\t<a href=\"https:\/\/aerogroup.com.au\/zh\/author\/admin\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-author\">\n\t\t\t\t\t\t\t\t\t\tadmin\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-9e19858 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/aerogroup.com.au\/zh\/2020\/10\/13\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t10\u6708 13, 2020\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-8989b71 elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-time\">\n\t\t\t\t\t\t\t\t\t\t10:11 \u4e0b\u5348\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f19275 ob-has-background-overlay elementor-widget elementor-widget-spacer\" data-id=\"7f19275\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_spacerat_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2df6ad0 ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"2df6ad0\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div data-draftjs-conductor-fragment=\"{\"><div class=\"jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"ehuik\" data-offset-key=\"foo-0-0\"><div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"foo-0-0\"><div data-draftjs-conductor-fragment=\"{\"><div class=\"jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"8132k\" data-offset-key=\"foo-0-0\"><div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"foo-0-0\"><p id=\"viewer-foo\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">In Australia and New Zealand, a discretionary trust is also called a family trust. A discretionary trust is one in which beneficiaries and\/or their entitlements are not fixed, but are instead <em>discretionary in two ways<\/em>:<\/p><ol class=\"public-DraftStyleDefault-ol\"><li id=\"viewer-bbere\" class=\"ljrnk _1QOLZ public-DraftStyleDefault-orderedListItem   public-DraftStyleDefault-depth0   public-DraftStyleDefault-list-ltr public-DraftStyleDefault-reset _2QAo- _25MYV _1Fao9 ljrnk\"><p class=\"_208Ie _2QAo- _25MYV _1Fao9 ljrnk\">trustees have the power to determine which beneficiaries will receive payments from the trust<\/p><\/li><li id=\"viewer-1jonn\" class=\"ljrnk _1QOLZ public-DraftStyleDefault-orderedListItem   public-DraftStyleDefault-depth0   public-DraftStyleDefault-list-ltr _2QAo- _25MYV _1Fao9 ljrnk\"><p class=\"_208Ie _2QAo- _25MYV _1Fao9 ljrnk\">trustees can select the amount of trust property the beneficiaries receive.<\/p><\/li><\/ol><p id=\"viewer-9k5ja\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">There are <em>two types<\/em> of discretionary trusts:<\/p><ol class=\"public-DraftStyleDefault-ol\"><li id=\"viewer-5rc2q\" class=\"ljrnk _1QOLZ public-DraftStyleDefault-orderedListItem   public-DraftStyleDefault-depth0   public-DraftStyleDefault-list-ltr public-DraftStyleDefault-reset _2QAo- _25MYV _1Fao9 ljrnk\"><p class=\"_208Ie _2QAo- _25MYV _1Fao9 ljrnk\">exhaustive trustees must distribute all income accruing to the trust fund<\/p><\/li><li id=\"viewer-1cs67\" class=\"ljrnk _1QOLZ public-DraftStyleDefault-orderedListItem   public-DraftStyleDefault-depth0   public-DraftStyleDefault-list-ltr _2QAo- _25MYV _1Fao9 ljrnk\"><p class=\"_208Ie _2QAo- _25MYV _1Fao9 ljrnk\">non-exhaustive trustees have an express power to accumulate income<\/p><\/li><\/ol><div id=\"viewer-uam0\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">\u00a0<\/div><h3 id=\"viewer-cftoh\" class=\"_3tkn1 _208Ie blog-post-title-font _1eFQ0 _3a6SV _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">Step One: who are your trustees and beneficiaries?<\/h3><p id=\"viewer-6101p\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><strong>Trustee\/s<\/strong>: the person(s)\/company given control of property in trust with the legal obligation to administer it only for the specified purposes.<\/p><p id=\"viewer-6qlll\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">The trustees must deal with the trust property as set out by the settler in the trust deed. They must act in accordance with any relevant law (e.g. state\/territory law, tax law, etc.) and are personally liable for debts of the trust.<\/p><div id=\"viewer-f252\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">\u00a0<\/div><p id=\"viewer-8mo3\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\"><strong>Beneficiary\/ies<\/strong>: the person(s) who benefit from the trust. They receive distributions from the trust at the discretion of the trustees. Beneficiaries have the right to receive accurate and adequate information pertaining to the trust and its management.<\/p><p id=\"viewer-frdj5\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">Beneficiaries also have a right to action. If they suspect that a trustee is violating their responsibilities, they may request a special accounting from the trustee. Following that, they may request the removal of the trustee and ask for a replacement.<\/p><div id=\"viewer-dk5f7\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">\u00a0<\/div><h3 id=\"viewer-48ba0\" class=\"_3tkn1 _208Ie blog-post-title-font _1eFQ0 _3a6SV _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">Step Two: The Trust Deed<\/h3><p id=\"viewer-14noq\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">The trust deed details how the trustees must manage the trust, as well as all the relevant details required for the trust to be valid. It is recommended you obtain legal advice and assistance for the drafting of the trust deed because of the importance and complexity of this document.<\/p><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c88b093 ob-has-background-overlay elementor-widget elementor-widget-image\" data-id=\"c88b093\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_photomorph_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1918\" height=\"1440\" src=\"https:\/\/aerogroup.com.au\/wp-content\/uploads\/2020\/10\/Screen-Shot-2020-10-14-at-9.12.02-am.png\" class=\"attachment-full size-full wp-image-235\" alt=\"\" srcset=\"https:\/\/aerogroup.com.au\/wp-content\/uploads\/2020\/10\/Screen-Shot-2020-10-14-at-9.12.02-am.png 1918w, https:\/\/aerogroup.com.au\/wp-content\/uploads\/2020\/10\/Screen-Shot-2020-10-14-at-9.12.02-am-300x225.png 300w, https:\/\/aerogroup.com.au\/wp-content\/uploads\/2020\/10\/Screen-Shot-2020-10-14-at-9.12.02-am-1024x769.png 1024w, https:\/\/aerogroup.com.au\/wp-content\/uploads\/2020\/10\/Screen-Shot-2020-10-14-at-9.12.02-am-768x577.png 768w, https:\/\/aerogroup.com.au\/wp-content\/uploads\/2020\/10\/Screen-Shot-2020-10-14-at-9.12.02-am-1536x1153.png 1536w\" sizes=\"(max-width: 1918px) 100vw, 1918px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71b1172 ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"71b1172\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div data-draftjs-conductor-fragment=\"{\"><div class=\"jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"ehuik\" data-offset-key=\"foo-0-0\"><div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"foo-0-0\"><div data-draftjs-conductor-fragment=\"{\"><div class=\"jwLWP _2hXa7 _30PMG blog-post-text-font blog-post-text-color public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\" data-block=\"true\" data-editor=\"8132k\" data-offset-key=\"foo-0-0\"><div class=\"public-DraftStyleDefault-block public-DraftStyleDefault-ltr\" data-offset-key=\"foo-0-0\"><div class=\"yF0IC\" data-hook=\"post-description\"><article class=\"blog-post-page-font\"><div class=\"post-content__body\"><div class=\"lV_uZ _1LHlu _1ltva\" data-rce-version=\"7.21.2\"><div class=\"kcuBq _1PkHV blog-post-page-font _3f8WX uatYj\" dir=\"ltr\"><div class=\"kaqlz _1FQ9t blog-post-page-font zJfAe\"><h3 id=\"viewer-aithj\" class=\"_3tkn1 _208Ie blog-post-title-font _1eFQ0 _3a6SV _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">Step Three: Settle your trust deed!<\/h3><p id=\"viewer-973p7\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">A nominated Settlor (someone who is not a beneficiary) signs the trust deed. This person is usually the accountant or lawyer.<\/p><h3 id=\"viewer-fkhai\" class=\"_3tkn1 _208Ie blog-post-title-font _1eFQ0 _3a6SV _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">Step Four: Are your trustees on board?<\/h3><p id=\"viewer-bbijh\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">By this stage of the process, your appointed trustees should be aware of their responsibilities according to the terms of the trust as they have been outlined in the trust deed. Once the trust deed has been settled, your trustees will then sign it.<\/p><h3 id=\"viewer-biee6\" class=\"_3tkn1 _208Ie blog-post-title-font _1eFQ0 _3a6SV _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">Step Five: Stamp duty<\/h3><p id=\"viewer-a6sgk\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">In order to formalise documents, you usually have to pay a stamp duty in order to validate them. This will also have to be done with your trust deed. The stamp duty payment varies according to region. For example, it is AUD 500 in NSW.<\/p><h3 id=\"viewer-8bb4d\" class=\"_3tkn1 _208Ie blog-post-title-font _1eFQ0 _3a6SV _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">Step Six: Finish up!<\/h3><p id=\"viewer-903vp\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">Once all of the above steps have been completed, all you have left to do is to apply for a Tax File Number (TFN) and an Australian Business Number (ABN), both of which can be done online.<\/p><p id=\"viewer-2po62\" class=\"XzvDs _208Ie ljrnk blog-post-text-font blog-post-text-color _2QAo- _25MYV _1Fao9 ljrnk public-DraftStyleDefault-block-depth0 public-DraftStyleDefault-text-ltr\">We hope this guide is helpful in breaking down the steps to creating a discretionary fund. It\u2019s really not that scary although it can seem overwhelming. Good luck!<\/p><\/div><\/div><\/div><\/div><\/article><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24d8b36 elementor-widget-divider--view-line ob-has-background-overlay elementor-widget elementor-widget-divider\" data-id=\"24d8b36\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6fe29b2 elementor-share-buttons--view-icon elementor-share-buttons--skin-minimal elementor-share-buttons--color-custom elementor-share-buttons--shape-square elementor-grid-0 ob-has-background-overlay elementor-widget elementor-widget-share-buttons\" data-id=\"6fe29b2\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-grid\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_facebook\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-facebook\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t\t<span\n\t\t\t\t\t\t\t\t\tclass=\"elementor-screen-only\">Share on facebook<\/span>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_twitter\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-twitter\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t\t<span\n\t\t\t\t\t\t\t\t\tclass=\"elementor-screen-only\">Share on twitter<\/span>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_linkedin\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-linkedin\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t\t<span\n\t\t\t\t\t\t\t\t\tclass=\"elementor-screen-only\">Share on linkedin<\/span>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb5c94a elementor-widget-divider--view-line ob-has-background-overlay elementor-widget elementor-widget-divider\" data-id=\"cb5c94a\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>In Australia and New Zealand, a discretionary trust is also called a family trust. A discretionary trust is one in which beneficiaries and\/or their entitlements are not fixed, but are instead discretionary in two ways: trustees have the power to determine which beneficiaries will receive payments from the trust trustees can select the amount of [&hellip;]<\/p>","protected":false},"author":1,"featured_media":235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,1],"tags":[],"class_list":["post-233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v22.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Setting up a discretionary trust - Aero Accounting Group | Tax Accountants in Canberra, Gold Coast &amp; Sydney<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aerogroup.com.au\/zh\/setting-up-a-discretionary-trust\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Setting up a discretionary trust - Aero Accounting Group | Tax Accountants in Canberra, Gold Coast &amp; Sydney\" \/>\n<meta name=\"twitter:description\" content=\"In Australia and New Zealand, a discretionary trust is also called a family trust. 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