Setting Up & Managing Trusts Sunshine Coast

A trust is a legal arrangement where a trustee holds and manages assets for the benefit of the trust’s beneficiaries. In Australia, trusts are commonly used for asset protection, estate planning and tax efficiency.

Establishing Business Trusts On The Sunshine Coast

At Anumis Legal, we offer comprehensive services to assist with the establishment and management of trusts on the Sunshine Coast. Our lawyers will guide you through the process and help set up a business trust that meets your specific needs and objectives. We have a deep understanding of different trust structures and strive to provide tailored solutions to suit your business requirements. Our legal team is here to make sure your trust has clearly defined trustee responsibilities and that all parties involved are aware of their obligations.

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Why Set Up A Business Trust?

Business trusts are a popular choice for many business owners on the Sunshine Coast due to their flexibility and benefits. Some of the main reasons for setting up a business trust include:

Asset protection: By transferring assets into a trust, they become separate from your personal assets and are better protected in case of legal action or bankruptcy.
Tax efficiency: Trusts can be structured in a way that allows for tax minimisation, often resulting in potential savings for the business.
Succession planning: A trust may provide a smooth and efficient transition of assets to future generations, helping to ensure the long-term sustainability of the business.

At Anumis Legal, our team can work with you to determine the most suitable type of trust for your business needs and goals, including Discretional Trusts, Unit Trusts, Real Estate Investment Trusts and Employee Share Trusts. Our goal is to provide tailored solutions for your unique business circumstances.

Trusts offer many benefits to businesses, but it’s crucial to have a solid understanding of trust structures and legal obligations before setting one up. That’s why our commercial lawyers are here to provide guidance on the best structure for your situation. Our approach is geared towards facilitating efficient trust management, aiming to protect your interests and those of the beneficiaries to the best of our ability.

Frequently Asked Questions

Who are the key parties in a trust?

The structure of a trust involves three key parties: the settlor, who creates the trust; the trustee, who manages the trust; and the beneficiaries, who receive the benefits of the trust. In some cases, the trustee and beneficiary may be the same person or entity.

What are the key responsibilities of a trustee?

The primary responsibility of a trustee is to manage the trust and its assets for the benefit of the beneficiaries. This includes making investment decisions, distributing income and managing any legal or administrative tasks related to the trust. Trustees are also required to act in good faith, with honesty and integrity, and they must avoid any conflicts of interest.

Are there any ongoing obligations for trusts?

Yes, trusts have ongoing obligations that must be fulfilled to ensure their validity and compliance with the law. These may include keeping accurate records, filing tax returns and providing annual distributions to beneficiaries. It is crucial to work with a trusted legal team, such as Anumis Legal, to help make sure all obligations are met consistently.

Meet Our Legal Team

Dr John Cronin

Dr John Cronin holds a Master’s Degree in Business Management, a PHD in socially responsible investment, and is pursuing a further PHD in superannuation law. In his earlier engineering career, he led numerous large-scale equipment design and infrastructure development projects. A former financial and investment advisor, Dr John has a wealth of experience across banking, finance, and investment.

Nadine Love

Nadine Love holds a Master’s Degree in Dramatherapy. In her earlier career as an author, mentor and trainer through her books, products, and coaching services she assisted people to transform their personal and professional lives to find confidence, clarity, success, and wellbeing. Nadine was awarded the 2020 NSW Bar Association Prize for Civil Litigation and Evidence.

You can depend on our commercially oriented law firm to get to know you & your business needs in depth. Our expert legal advice, courteously tailored to your specific circumstances, is at your right hand so that you can make informed choices round the clock.

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Client Reviews

Outstanding professional service

"Outstanding professional service and an excellent choice of firm for both our business lease and personal wills. We have sold several properties and can highly recommend Anumis Legal as the best legal service we have ever encountered. Thank you, Anumis for the peace of mind – drjohn you are a gem.”

We were delighted and relieved to find Dr John

"Both my husband and myself run small family businesses on the Sunshine Coast and from time to time have needed legal advice across a variety of tasks. While other legal companies provided helpful and courteous attention, we were delighted and relieved to find drjohn Cronin at Anumis Legal a few years ago. His wealth of experience, diversity in skills and achievements ensured we received solid legal advice, provided with diligence and care. Always grateful for his collaborative approach, wise counsel, accurate advice and opinions on a wide range of issues we feel very well served legally and confident that we are in safe hands. We are proud to be clients of Anumis Legal!”

Anumis legal ensured all the work was completed and done well.

"My home was flooded due to a burst water filter whilst I was away. I had previously dealt with lawyers and hadn’t been happy with the outcome or the way I was treated. drjohn was reassuring and put me at ease straight away, I felt instantly that drjohn had my back. drjohn dealt with all contact with the builders and ensured I was provided with the correct certification and guarantees and attended site meetings to ensure I had support from start to finish. Anumis legal ensured all the work was completed and done well. ”

Dr John made it easy for me

"Awesome! Thank you. drjohn made it really easy for me and I feel so much better about going into the lease now.”

Calm and clever. Keeping me focused.

"drjohn had been really wonderful. Calm and clever. It’s keeping me focused. (Family Law matter)”

So glad he’s my lawyer

"The meeting with drjohn went well. So glad he’s my lawyer. (Family Law matter)”

Dr John provided great counsel, coaching, and clear advice

"I share a similar story to many young start-ups. Group of friends getting together behind an exciting idea. We set up a company, gave each other the title of director and went out to go change the world. As our company grew, it evolved and how we worked together needed to evolve with it. drjohn provided great counsel, coaching, and clear advice. drjohn mediated discussions that lead to a stronger shareholder agreement. In addition, provided us with the full new start-up business pack, we now have contractor agreements and solid terms and conditions for our services. I am a better managing director as a result of drjohn’s advice. As a team, including the businesses we now partner with, are much stronger together. I am grateful for drjohn’s support and will continue to partner with Anumis Legal as our business continues to grow.”

Clarity, honesty, integrity, passion

"Their clarity, honesty, integrity and a passion for providing quality service to their clients. (Family Law matter”

Great solicitor. Great guy.

"drjohn is a great solicitor and an all round great guy. A pleasure to meet him.”

Highly ethical.

"drjohn is highly ethical and really looks after his clients. I was incredibly impressed with him. I would highly recommend him to anyone. Thanks for all your hard work on our case.”