Trustees and beneficiaries are an integral part of all trusts, and the success of a trust hinges on both parties understanding their specific duties and rights.
Antunes Lawyers can make the complex task of understanding your rights and responsibilities simple, for trustees and beneficiaries alike.
As a trustee, being aware of your duties is the only way to feel confident and guarantee that you’re complying with the law and avoiding potential legal proceedings against you. For all trustees, your prime responsibility is to act in the best interest of the beneficiary, follow the terms of the trust deed, and fulfil your duties outlined within the Trustee Act 1925 (NSW).
If you are a beneficiary, understanding your rights is key to ensuring that they are protected and enforced. Some beneficiary rights include the right to information, the right to compel performance, the right to restrain a breach, and the right to be considered by the trustee. All of these rights are designed to give you powers to monitor your trust and trustee.
Our lawyers can inform both beneficiaries and trustees of their rights or duties, identify potential risks, mediate disputes, amend trust deeds, or represent you if legal proceedings occur. If you’re involved within a trust and would like to be better informed about your role or need additional assistance, take out the guesswork and contact our team of experts.
Talk to a trust lawyer today.
The Antunes Team has recently successfully completed two major family projects for our family... The professionalism, knowledge and judgment exercised by Margaret, Tim and Antunes Team was outstanding.
Dorset Sutton
The team at Antunes assisted me with a couple of matters at the start of 2022. Tim and his team embody flexibility and knowledge, assisting me to set up the correct structures and deal with matters in the best way. I can highly recommend their transparent communication and high quality services.
Chris
Antunes Lawyers are exceptional. They provide up to date advice and are practical and generous with their time and expertise. Both Tim and Jasmin have been quick to respond and provide practical, care-driven solutions. I am very appreciative of both Tim and Jasmin and their client focus and dedication to achieving the best possible outcome. I highly recommend this trustworthy team.
Anthony B
When it comes to trusts, you can count on Antunes Lawyers. Our team will ensure that your assets are protected.
Trusts are incredibly effective at protecting assets, but only if they’re carefully drafted. Establishing a trust without careful consideration could leave your assets more vulnerable than before or lead to unexpected taxes.
Our team can help you to determine what kind of trust best suits your needs, draft trust deeds, amend or wind up existing trusts, advise trustees on their obligations and duties, and assist beneficiaries in exercising their rights. When it comes to all things trusts, look no further than Antunes Lawyers.
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