A pedigree trust (also known as a linear descendants discretionary trust) is a type of discretionary trust established to ensure that the property of the trust will remain within a particular family (normally defined by direct, i.e., blood relationship to a particular individual).
Such trusts are often set up in an attempt to protect the trust assets in the case of marriage breakdown
Pedigree trusts are often used:
- to protect the trust assets in the case of marriage breakdown from the Family Court's reach;
- to ensure that the property of the trust will remain only with the “blood relatives” of the initial nominated trust beneficiary;
- to maximise the chances that assets will provide for the education and upbringing of children or grandchildren.
If you would like to discuss further please contact us:
McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com
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