Unit Trusts

When considering any structure, you want to assess how suitable it is for your and your circumstances. Things to consider, include:

  1. The status of the structure in relation to income tax, capital gains tax and land tax.
  2. The status of the structure in relation to asset protection.
  3. The level of control provided by the structure and succession planning considerations.
  4. The flexibility to change as circumstances might dictate.
  5. The initial and ongoing costs associated with setting up and running the structure.

Units held by the unit holders confer a proprietary interest in all the property of the trust estate but in no particular asset of the trust. Various rights may be attached to different classes of units providing the opportunity to ‘stream’ different forms of income, such as revenue and taxable capital gains, to different unit holders.

If you are considering your a Trust, your Estate Plan, asset protection or business structures, it is important that you seek appropriate legal advice, so you are aware of your rights and where you stand. Contact Carter O’Neill Legal today to speak to our Gosford lawyers on (02) 4308 8892 or our Mona Vale lawyers (02) 9171 7339 to discuss any of your legal needs.