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Which Assets should I place in my Family Trust?

When you transfer your Assets into a Family Trust those Assets must obviously be in your ownership,  otherwise you may not dispose of them.  A Trust must always have some Assets in it. These can be small to start off and grow over the years.  In most cases a person's complete estate is transferred in the  initial  transactions when setting up the Trust.

It should be clear that Assets of any value can be transferred to Family Trusts. The initial question  is not when  Assets  should be transferred to a Family Trust, or for  what type or value of assets. The vital initial question should be  which Assets you want to protect.  If an Asset has a low financial value, but it means a lot to you  and you therefore wish to protect that Asset, then you  should transfer that Asset to your Trust.  In most cases, however, you would look at the Asset and ask yourself whether its value will increase over time. If that is the case then obviously the Asset and its capital gain are worth protecting.   You should keep the above in mind when you get the advice to transfer an Asset of sufficient value to your Trust to warrant the establishment of that Trust. As the above  shows such advice is not always correct. Every person's situation is different and everyone also has a different appreciation of their financial needs. Ultimately, I believe there should be a sound reason for choosing the trust structure. 

Usually you would transfer Assets such as a residential home, investment portfolios,  term deposits, rental property,  a ‘Bach’, shares in companies or partnerships, superannuation funds or insurances for life etc., valuable collections  or Works of Art and similar Assets and possibly also future undisputed entitlements to other Assets, to a Family Trust. 

Contact us to discuss your family trust requirements.
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