Business Law
Fixed Trusts
Fixed trusts are trusts where the proportion of distribution of income to the beneficiaries is fixed. A common fixed trust is a unit trust (but note not all unit trusts are fixed trusts).
Advantages of a fixed trust may include:
- As the beneficiaries of a fixed trust have fixed interests in the income and or capital of the trust property, they can enforce the administration and the distribution of the property of the trust.
Disadvantages of a fixed trust may include:
- The trustee does not have the discretion on how to distribute income (such as in a discretionary trust) and in this respect is less flexible than a discretionary trust.
Our commercial lawyers will assist you in deciding whether a fixed trust is the right structure for you. If you are thinking of setting up a fixed trust please get in touch with your nearest Prime Lawyers office.
We have business lawyers located at Sydney, Parramatta, Chatswood, Sutherland and Wollongong.
Speak to a Lawyer
Our Testimonials
View All TestimonialsMy family and I were very impressed with the knowledge and skills that Prime Lawyers demonstrated. We were pleased with the outcome as it was better than we hoped for. We will be forever grateful for your services.
I can highly recommend Prime Lawyers to others seeking to tidy up their legal affairs relating to Wills, Enduring Powers of Attorney and the like. I feel great comfort knowing our important legal documents relating to end of life all…
Read More
When I dealt with Michael he contacted me quickly and was extremely helpful and came over to the court which was a bit far of a drive but still came and put out a top effort with his knowledge and…
Read More