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‘Settler’ Trustee
Hello all,
Me any my wife own properties in our names which have mortgages on them. I want to put them into a Private Family Trust and want have full control of the assets.
Can I be a ‘Settler’ a ‘Trustee’ and a ‘Beneficiary’? if not how do I structure it? My only kids are 9 and 11 so not old enough to be a Trustee.
I don’t have and family living in Australia. I have a very good relationship with my Mum and Brother if I needed them in the trust,but are not in the country.
I would rather to leave my wife and I names on the property Title
So how do I go about it?
Could my Strawman be the Settler and my living name be the Beneficiary?
Or could my Mother or brother be the Settler and deed our properties into the trust.
Thanks in advance🙂