Deed of Trust, Trustees & Testamentary Trust Explained

Dominique Grubisa

Published 1:11 am 12 Jun 2017

The Deed of Trust

One of the key components of the Master Wealth Control asset protection system is the asset protection trust (called the Deed of Trust). This is a new trust that we set up for you – it cannot be a trust that you already have in place for your own purposes. It has a particular set of rules that specifically set it apart for asset protection.

What is a trust?

A Trust is a legal entity which is administered by a Trustee. A Trust cannot act alone – it owns assets, earns income and holds wealth via a Trustee. The Trustee is the person or entity in charge of running the Trust. It can be one or more individuals or a company. All of the wealth belongs to the Trust NOT the Trustee. Trustees can be changed, but the money and assets remain in the Trust. The Trust deed is a document which sets up the Trust. There is no Trust until a Trust deed is prepared and signed by two parties – the “settlor” who is in charge of setting up the Trust and the Trustee who runs the Trust. The Trust deed sets out the rules of the Trust.

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DOMINIQUE GRUBISA

Lawyer, Asset Protection Specialist and Property Educator

Dominique Grubisa is a practicing legal practitioner with over 22 years of legal and commercial experience. She is a property investor and developer, an entrepreneur with businesses in Australia and Southeast Asia, a speaker, educator, writer and published author. You may contact Dominique at info@dginstitute.com.au

This column has been written for general information purposes only. It is not intended as legal, financial or investment advice and should not be construed or relied on as such.

DOMINIQUE GRUBISA

Lawyer, Asset Protection Specialist and Property Educator

Dominique Grubisa is a practicing lawyer with over 25 years experience. She is a property investor and developer, an entrepreneur with businesses in Australia and Southeast Asia, a speaker, educator, writer and published author.

Dominique has successfully built businesses from start-up to turning over tens of millions of dollars in Australia and internationally. Her passion is making the legal system fairer and more accessible for everyone and empowering people by sharing knowledge.

Dominique’s exceptional experience as both a lawyer and entrepreneur, means that she is in a unique position to share her rare knowledge to those of us wishing to learn how to build wealth and succeed in business and property. Through her proprietary education platforms, Dominique is able to successfully educate, coach and advise thousands of clients on how to grow and protect their wealth.

This column has been written for general information purposes only. It is not intended as legal, financial or investment advice and should not be construed or relied on as such.

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