Family Protection Trusts

Modern trust designs that keep control in the right hands—today, during incapacity, and across generations.

What a Family Protection Trust is

A Family Protection Trust is a carefully designed structure where appointor and principal powers determine who makes key decisions, trustees handle day-to-day administration, and an optional protector or guardian layer adds oversight.

The trust includes clear succession protocols so control doesn't default to the wrong person during incapacity, death, or generational transition. Without this, families risk disputes, frozen assets and unintended outcomes at the worst possible time.

When to use

  • Growing family wealth or a new business structure.
  • Blended families or complex beneficiary needs.
  • Planning for incapacity, death or next-generation succession.

Risks to consider

  • Deed limitations and conflicting variations over time.
  • Unclear appointor or guardian succession mechanics.
  • Tax and asset-protection consequences if changes aren’t coordinated properly.

How we implement your trust structure

01

Snapshot

We map your current deeds, appointor settings, trustee structures and any existing protectors or guardians to identify control gaps and inconsistencies.

02

Legal briefing

Together we define the preferred control framework for your family—who should hold which powers, and how succession should work under different scenarios.

03

Drafting via LY Legal

Trust deed updates, new deeds, related company documents and supporting minutes are drafted by LY Legal on fixed fees where possible.

04

Execution & records

All documents are signed correctly, company and ASIC records are updated where required, and changes are documented in your Control Register.

05

Handover

You receive an updated Control Register and a plain-English summary of who controls what, plus a suggested review cadence.