If you are considering setting up a family trust, understanding what they are and how they operate is crucial. A family trust is also known as a discretionary trust. It is a financial relationship between family members that facilitates the sharing of wealth.

In general, a member of the family, on behalf of the other family members, will set up a family trust. One of the many benefits of a family trust is that it allows for tax planning by distributing income and capital to its beneficiaries.

In many cases, a family trust serves as a vehicle for asset protection in the event of a family member becoming insolvent or going bankrupt. In addition, if an older family member dies, the family trust may also prevent challenges to the family member’s will from interfering with the operation of the family trust. The lawyers at LegalVision work solely on a fixed-fee basis. This means you will know exactly what you’re paying at the outset and won’t have to worry about paying by the hour. As an online firm, we work efficiently and effectively to ensure our clients receive the best possible service.

To get legal advice on setting up a family trust, contact LegalVision on 1300 544 755 or fill out the form. To have an obligation-free consultation with one of our specialists, leave your details and we can respond to your enquiry! Contact LegalVision today for a fixed-fee quote, and build long-term value for your family.

Call Us On

1300 544 755

Monday - Thursday: 8:30am to 6pm AEST
Friday: 8:30am to 5pm AEST
Overseas Callers: +61 2 8074 7400

Money Back Guarantee

As a first time LegalVision client, you receive our Money Back Guarantee. We believe in exceptional client service, so if you aren’t satisfied with the service you receive, we will provide you with a full refund (less any disbursements paid on your behalf).

Why LegalVision?

  • Cost Certainty

    We offer our clients certainty and transparency by providing fixed fees.

  • Responsive Timeframes

    We get back to you with a quote within two hours. We maximise efficiency and minimise delays by communicating with our clients on their terms and in a manner that suits them.

  • Specialist Lawyers

    Our lawyers are all specialists in their given field and have experience working with clients across a breadth of industries and regions.

  • Full Service Commercial Law Firm

    As a full service firm, we can assist your business with any commercial legal matter.

Trustpilot 5 star rating

We’re rated 4.9/5 stars on Trustpilot, check out our 189 reviews .

The All-In-One Legal Solution for Your Business

We’ll take care of all the business-as-usual legal work, so you can focus on running your business.
A LVConnect Pro membership includes unlimited document drafting and reviews, trade mark applications and advice consultations.

Traditional Law Firm

Consultation with a lawyer

Can be $600 or more for a one hour conversation

LVConnect Pro Membership

All the legal assistance your business needs

From $119/week
+ GST#

Ask us about LVConnect when you speak to our team.

159,000 Australian Businesses Assisted
12,800 Valued Clients
5,200 Free Legal Articles

Get in Touch

Fill out the form below and a LegalVision team member will be in touch shortly!

Our Awards

  • 2020 Excellence in Technology & Innovation Finalist – Australasian Law Awards
  • 2020 Employer of Choice Winner – Australasian Lawyer
  • 2021 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review
  • 2021 Law Firm of the Year - Australasian Law Awards
  • 2019 Most Innovative Firm - Australasian Lawyer