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Hi Perp Yes, just being a beneficiary of a trust means you have an interest in the trust assets, an equitable interest and on this basis a caveat could be lodged. The authority for this is Paul A Davies (Australia) P/L (in liq.) v Davies [1983] 1 NSWLR 440 I wouldn't say any beneficiary...

Beneficiaries of discretionary trusts are entitled to lodge caveats on property owned by trustees. it could also be done under the Family Law Act. But I am not sure on the practical aspects how you would do it with shares.