Class Unit Trusts

Extract

Trusts have their origin in medieval England when a landowner would, for estate planning purposes, convey land to another person to hold it for the benefit of a third person. From those simple beginnings, many forms of trust have evolved. These include family (or discretionary) trusts, fixed trusts, unit trusts (a form of fixed trust), hybrid trusts, testamentary trusts and superannuation funds.

The Class Unit Trust (also known as the Property Trust) is essentially a hybrid trust incorporating both unit trust and discretionary trust characteristics.

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