It is critical that members of a family trust know what is to happen to trust assets if any of the key people die.
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What’s the most famous family trust in Australia? That would be The Hope Margaret Hancock Trust.
It’s so famous because for over 10 years the family of the late Lang Hancock have been fighting over the manner of its administration under the supervision of Australia’s wealthiest person, Gina Rinehart.
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Original URL: https://www.afr.com/wealth/personal-finance/how-to-avoid-a-rinehart-style-family-trust-dispute-20230220-p5cm2e
