When Family Trusts Turn Toxic: Trustee Duties, Distribution Disasters, and Removal Remedies
The family trust is one of the most elegant instruments in the Australian estate-planning toolkit. Flexible, tax-efficient, and capable of sheltering assets across generations, it has become a cornerstone of how families structure their wealth. According to some estimates, there are well over 800,000 discretionary trusts operating in Australia — the vast majority of them family vehicles, established with the best of intentions.