My trust is expiring – can I get an extension?

My trust is expiring – can I get an extension?

Australians love their trusts. In fact, the number of active trusts in Australia is coming up to 1 million (if not there already). We use so many trusts because they are so versatile. But one problem most trusts have is that they don’t last forever, they have an ‘expiry date’. If you have a trust you should be aware of its ‘expiry date’, and if that date is fast approaching, you must plan for the end! Sometimes we find that a trust has already expired years ago, without anyone having noticed…