A Beginner's Guide to Trusts

[@suavehit]

What a great, detailed expalanation for beginners of what a Discretionary Trust is and how it works, the relationships of the key roles, and the obligations of each. Thank you for your work and time.

[@Milly5288]

Oh WOW what a great explanation. Thank you so much. Love from Australia ❤

[@ScottBuckley]

Great explanation - this has helped me so much!

[@melissakeenan8878]

I finally understand it!! Thank you! Excellent explanation! Wish I can show you the diagrams I created based on your explanation.

[@jeffreybean5466]

Thank you. Can you be the appointor, the trustee and one of 4 beneficiaries?

[@polinasasko2939]

Great explanation! Thank you very much! You deserve so much more of likes!

[@reginaldt154]

Wow amazing thanks for the clarification

[@vanessawoo6980]

Can you please explain who usually sets up the Testamentary Trust for the beneficiaries ie. solicitor, accountant, financial advisor, someone else?

[@jpbeaudoin3599]

Great video! Very well explained. Could you possibly do a video or comment how you fund a trust to buy property? I plan to buy an IP under a trust. I will provide the deposit but will also incur losses throughout the first few years. Can I just transfer money in and out from my personal account into the loan account (offset) related to the asset under the trust? What if I want to park all my cash into the trust offset account, can I still use it for everyday transactions regarding my individual needs? Thank you very much!

[@X10-bz]

I have a discretionary trading trust , that I know very little about, I am now in bankruptcy can I use the trust to do new business

[@thisistheendpt2]

Can one be both the appointee as well as the settlor?

[@JasKhalid]

Is this the same for Australia?

[@billedifier8584]

yes, it is Australian law

[@rabih9451]

Question: if you have a family trust, with a company as trustee. If you sell a property owned by the trust, does the money you receive from the sale goes into a bank account in the name of the trust or the company that is the trustee?

[@kunalpatel5645]

Trust.

[@nooshy9704]

Are you an Australian or American lawyer ?

[@susmusmanoj112]

Mate that's the best video on the internet !! 🤩🤩🤩🤩🤩 Fucke me dead !! Literally no one has ever explained in such a manner 😮😮😮😮😮😮😮

[@ridgesiofele485]

Thank You

[@fifthdimension1984]

The $70 k distribution will not magically be $50k for you, $20k for the wife ( not working) and $10k each for 2 kids. This equals $90k !!!