Tim Beveridge

speaker

242 appearances 1 recordings 1 series first heard Dec 2025 last heard 21 Dec

Tim Beveridge’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Dec 2025 with 1.

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Best of Business · Jannet Xuccoa: When's the right time for a trust? · 21 Dec 2025 podcast

What got you interested in trusts?

They're an interesting creation.

I remember when I studied equity, which is the subject we first introduced to trusts, I think I was quite fascinated just with the fact that you could create a particular legal entity which vested in someone, but I'm not going to try and explain trust, but just the fact that you would have a legal entity which would...

be like it's a legal person almost, isn't it?

Explain what a trust is, actually.

Obligations of good faith.

I'd be curious to know what percentage of people who seek advice about getting a trust are doing it too late.

When they get the advice, they go, oh, I should have done this 20 years ago.

Yeah, because basically what a trust would do is, so if you've got into a business and it goes bung, that if you've managed to get your assets into a trust in a timely manner… Mm-hmm.

then those assets will be protected.

And I guess especially if you're trying to protect the assets, the family home and things like that for your family.

So the creditors don't come and say, hey, mate, everything that's yours is ours.

Yeah.

Is that what a lot of people do?

They set it up and they just forget about it and they forget to, I don't know, what do you have to do?

Do you need to explain in the establishment of a trust, does there need to be a record of why you've established a trust?

So for instance, I'm going to use a really funny analogy.

Technically, in the property world, if you buy a property and technically you are buying it to make capital gain, regardless of how long time has passed, technically you should pay tax on that capital gain.

and that's about your intention.

Is there something when it comes to setting up a trust that you need to declare the reasons I'm setting up a trust are sort of for these wonderful holistic sort of reasons when really, in fact, you just don't want your creditors to get hold of that money if you go bung?

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