What Is a Discretionary Trust and Does It Help?

NewsBy Ryan May 27, 2026

As a financial advisor operating in the Australian landscape, few structures generate as much discussion or offer as much strategic potential as the discretionary trust, often referred to as a family trust. It is a cornerstone of wealth management for countless Australian families and business owners, yet its power is matched only by its complexity.…

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We have been working with Approved Financial Planners since 2022, and I couldn't be happier with the service and support my husband and I have received
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Ann Taylor 1 week ago

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Sophie Veccia 2 months ago

We have been with Tracey for over and year and she takes great care and attention to detail looking after our current and future financial planning as well as always being friendly and easy to deal with.

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Penny Fitzmaurice 2 months ago

We have been working with Daniel for several years, managing our finances and helping us prepare for retirement. He has provided us with excellent financial guidance, which has instilled in us the confidence and security we needed to embark on the next chapter of our lives. We look forward to our upcoming conversations, during which Sean will share all of his golf anecdotes! Penny & Sean.

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vinod rupalia 3 months ago

Our annual review with Dan and the team was very useful and considered in terms of the objective of financial planning. Allowing us to understand and make important decisions. Great to catch up. Tim and Steph

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John Twigg 3 months ago

I started seeking financial advice about 10 years ago. Been through a couple of companies in that time, and AFP is the latest iteration. The previous companies were not bad, but they morphed or changed & like anyone I want a little stability. AFP have given me that stability, even if individual advisors have moved on! Tracey is my latest advisor & I could not be more comfortable. She's thorough, professional, quick with a personal anecdote to emphasise a point & not condescending about my lack of financial knowledge. Now that my retirement is looming she is taking care of all the paperwork & intricacies that go with switching to a new income stream.
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Robert Dale 3 months ago

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Julie Jackson 6 months ago

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Alfredo Quispe 6 months ago

Tracey and Kim have been incredibly helpful from start to finish. They guided me and my wife through setting up our life insurance with the right benefits, helped tidy up a few loose ends in our overall finances, and gave us the clear information we needed to confidently move forward with a property investment. Professional, supportive, and genuinely focused on our best interests — highly recommended.

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Ashton George 7 months ago

To Dan, PB, Christa & Cherry, you are all an amazing team, all, professional, respectful, warming , efficient and above all just people who care and go over and above for your clients. at least this is how i feel every time i meet with you all. Congratulations on your 20 year anniversary , what a beautiful milestone to celebrate this month, i'm just annoyed i cant be there to share it with you.
Best Regards
Ashton

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Bruce Blee 10 months ago

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Paul Wedd 11 months ago

My meeting with Daniel was very positive as we discussed a range of issues in relation to my superannuation and my financial and personal health which were pertinent to me. Also looked at what if cash flow scenarios in regard to bookkeeping opportunities and creating a new super fund if matters come to pass. Also the coffee and biscuits were great.

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Nicky T 1 year ago

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Richard Gordon 1 year ago

The team at Approved Financial Planners has been amazing in supporting and guiding us through the development of a financial plan for our future. From the beginning, they took the time to truly understand our goals and objectives, making us feel heard and valued.

What stood out was their ability to present tailored scenarios with adjustable factors, helping us make informed decisions with confidence. They also went above and beyond by assisting with the implementation of important elements such as insurance and wills, giving us peace of mind that our family's assets are protected in case of the unexpected.

We’re incredibly grateful for their professionalism, care, and expertise. Highly recommend their services to anyone looking for reliable and thoughtful financial planning.

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Steve Giaquinto 1 year ago

I have been with Approved Financial Planners for a long time now. Great Advice and service. Tracey has a wealth of knowledge and has helped me achieve my financial goals with ease.

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David Russell 1 year ago

On March 6 both Cindy and I had our annual financial review with Approved Financial Planners in Floreat WA. Our financial planner is Tracey Corbett and this is our second year where Tracey has been our planner and her advice has been very informative and is explained in such a way that both Cindy and I can understand. All sections of both our financial plans were presented and explained in lay-man terms.

We are both looking forward to seeing Tracey next year for our next review.

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Robert Dale 1 year ago

Tracey has been a honest and helpful advisor who has her clients interest at heart.

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May 27, 2026

What Is a Discretionary Trust and Does It Help?

WHAT OUR CLIENTS ARE SAYING

Financial Planning & Advice Perth

Our Financial Advisers have over 40 years of combined experience making us one of the most experienced teams in Perth.

Call Us Today (08) 6462 0888

Our Financial Advisers have over 40 years of combined experience
making us one of the most experienced teams in Perth.