Who is the Executor of the Will? If you need to set up a trust then get advice from your local law society to a Legal Representative they recommend. You will have every financial advisor ( not regulated) & CPA buy yours today, just waiting to run off in good faith. At least if you get & pay a solicitor then some legal warranty is there, usually via threats to tell all to ACA or TT, if things go askew
Also look at how it is set up as now you will most likely have to get tax file numbers for kids so they can pay tax, effective with the next hockeynomics buget & lowered threshold (6K PA+) It may be set up so no income is produced so current accounting advice is most needed. A trap for many suburban offices tha pop up & go as clients try to recover their whatevers. If starting from scratch then you should be able to make your own rules & penalties if you lose a motza against the kids share. Cleanest way is just sell the place & split into separate funds. Maybe just hand it over to Gina or BHP and gamble share prices haha
https://www.lawsocietywa.asn.au/
Professional association for Western Australian barristers and solicitors.
4/160 St Georges Terrace, Perth WA 6000
(08) 9322 7877