All Topics / Legal & Accounting / Gifts to family who are members of the Trust
My first question is to confirm which members of the family are automatically part of the Trust.
I’m the Trustee of a Hybrid Trust with both my wife and myself as beneficiaries.
I believe that the following people (besides ourselves) are automatic members of the Trust
– My and my wifes’ Parents
– My and my wives brothers and sisters.If my brothers and sisters are married and have kids, are their spouses and children also automatically part of the Trust? I don’t think so, but just want to confirm.
Secondly, if I were to buy a family member a gift for their Birthday, does it have to be a gift (less then $100) for which I got a docket? Or, can I give cash of up to $100?
Thanks a lot.
Orion
Orion
This is usually the case. Just have a look at your trust deed to confirm.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.