Im in a similar boat, being single, and wanting expand my property portfolio. Ive recently started a family trust with my parents going 50/50 with them. It certainly makes life a little more comfortable financially and will hopefully allow us to build up a decent trust portfolio. So far i would say it is beneficial time will tell.

I believe you can nominate any beneficiaries you want when setting up the trust its really down to you and who you want to disperse the profits too.