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Trusts Act 2019
- Mandatory duties
- Default duties
- Trust documentation
- Beneficiary access to basic trust information
- Specific amount?
- Maybe establish a trust?
- Good for trustees to have flexibility
- Letter of wishes as another option?
Residential Care Subsidy Thresholds, Trusts and Gifting
- Means assessment
- Income assessment and deprivation
- Some comfort if you're gifting assets
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