Do you feel that your trustee may have been keeping you “in the dark” about information regarding your trust? Do you feel as if the trustee is favouring another beneficiary over you? Or do you suspect the trustee is misusing their position when it comes to handling assets of the trust?Under the Trustee Act 1925 (NSW), trustees are required to exercise their powers in the best interests of present and future beneficiaries.
There are many reasons why someone would want to set up a Trust. There is a widespread misconception that Trusts only benefit the wealthy by protecting their business assets, however Trusts have a wider purpose: they serve as an inventive and practical tool that can protect a range of personal and family assets.