In recent times there have been several high-profile disputes involving family trusts which have appeared in the press, the most recent being the Hancock family.
Many investors have family trusts with considerable assets however occasionally the trust terms are not well understood.
With older trusts, possibly established decades ago, it can be difficult to clearly understand what the deed permits one to do and the possible risks in making changes to the deed or acting (inadvertently) contrary to the powers the deed bestows on the trustees, without taking advice.
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