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 Discretionary Trust Form  Legal & General 2013

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[Music] hello my name is Professor Brett Davies I'm a barrister and solicitor you have a family trust sometimes it's called a discretionary trust sometimes it's called a family discretionary trust sometimes those words are never even used it's just called the Bruce Rogers trust they're all the same document now mom and dads and accountants real people call call them family trusts where us lawyers us tax and superannuation and trust lawyers often call them discretionary trusts the reason I like calling my family trust a discretionary trust is because I get excited that I can make distributions every year to different beneficiaries so most family trusts created in Australia have between 50,000 to maybe half a million General beneficiaries that can't be be true 50 half a million I don't have that many children relatives that's because the trust is discretionary now under most trusts if you have an interest in a share let&

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