Hi all, I am a law student who is desperate for help in the area of trusts. I have been browsing for a while and hoping someone can point me in the right direction with this question: A, B are husband and wife A,B & C are shareholders of Company 1 Company 1 wants to buy Unit Trust 1 A & B want to buy Trustee Company 1 A & B basically want to take up an opportunity of an agency agreement which Trustee Company 1 has in favour of Unit Trust 1 (which is very flimsy in itself). What I am trying to get my head around (if the agency agreement was sound) is would it be better for Company 1 to purchase the business assets and not just the units of the trust? I understand that Company 1 can't be the sole beneficiary (anti-avoidance issues??). Or should it be set up so that the trustee and the company are beneficiaries? Which would mean that somehow A & B would have to acquire Trustee Company 1 first? I get extra confused because the agency agreement is between Company 2 and Trustee Company 1 (as trustee for Unit Trust 1). This is really doing my head in and if anyone can help it would be more than appreciated!!