Family Trust Accounting

Secure Your Family’s Financial Future

Do you want to protect your family’s future? Then it’s time to set up a family trust fund. PCR Accounting & Advisory take the time to set up the right family trust structures. As a leading firm in family trust accounting in Melbourne, we can guide you in setting up a discretionary trust, understanding your responsibilities and managing the assets associated with the family trust.

—— Expert Family Trust Accounting

PCR’s experienced trust accountants will provide:

The legalities and complexities of a family trust can be consuming and it can be detrimental if set up the wrong way. Our family trust accounting team will implement the right structures and strategies that align with your wishes and provide the best outcome for the members of the trust.

Family Trust Planning 101

A family trust, also known as a discretionary trust, is designed to hold assets and ultimately benefit family members. A family trust is established by someone during their lifetime to manage certain assets or investments and support beneficiaries, such as family members.

Unlike a company, a trust is not a separate legal entity. Instead, it is an agreement between parties confirmed in the form of a trust deed. The trust deed is the legal agreement that will govern the operation of the trust and the role of each party to the trust.

A family trust will hold the chosen assets, such as a share and property to protect them from creditors and to distribute your dividends to your family members for more favourable tax outcomes. The trustee has discretionary powers to decide which beneficiary will receive the trust’s net income and capital gains each year and how much.

This provides control, security and confidence in keeping your assets with your chosen family members.

A family trust can be a powerful Estate Planning tool by giving greater control over how assets are managed and distrusted amongst beneficiaries both when you are running your business and when you are no longer around.

If you have a lot of assets or run a business, it is never too early to set up a family trust. And no, you don’t have to have children to create a family trust. You also get to choose who will be included within the trust deed, so you don’t have to feel obligated to include someone who you don’t wish to.

Trusts have 4 key parties:

  • The Settlor: A solicitor, accountant or another qualified person that assists in setting up the family trust. This is the role we generally take on.
  • The Appointer: the is the person who wishes to set up the trust (most likely you).
  • The Trustee: the person who manages the trust day-to-day and distributes the assets at their discretion, and;
  • The Beneficiary: the person/s or company who receives the benefits and entitlements of the trust.

The benefits of setting up a family trust include:

Find the Right Family Trust Structure with PCR

So you want to set up a trust, but you’re not sure where to start? Here at PCR, our trust fund accountants can help you create the best family trust structure according to your wealth and needs to provide your family with strong financial foundations for their future. From education and retirement savings to running a business or owning a home, discretionary trusts can be a valuable tool in your financial planning.

Why Choose PCR to Set up Your Family Trust?

We are an honest, no-nonsense advisory and coaching team that offers tailored trust fund advice.
We assess your circumstances and develop personalised trust structures that minimise tax.
We show you how you can set your family up for a financially secure future.

Melbourne’s Leading Family Trust Accountants

If you’re looking to know more about family trust accounting or are seeking advice on your discretionary trust, contact PCR Accounting & Advisory to see how our trust accountants can help you with your family investments and protect your future. Call us on 03 9847 7516 today.

Owner of PCR Accounting & Advisory, Peter Marmara-Stewart is a SAPEPAA foundation member and accredited advisor specialising in strategic business advice, asset protection & structuring and cashflow maximisation. Click here to find out more.

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    Melbourne: 03 9847 7516

    Morwell: 03 5134 1778



    Suite 98, Level 27/101 Collins St, Melbourne VIC 3000

    26 Buckley Street, Morwell Vic 3840