Setting up a trust to gift property/asset protection

I have a friend whose parents are wanting to gift him and his brother an investment property.

Rather than gifting in personal names, their parents are wanting to establish a trust to provide asset protection from their son's spouse/partner.

Will asset protection be best achieved by setting up the trust in a company name with the sons as beneficiaries?
Are there specific types of trusts that may be best for achieving asset protection?

The property is in Victoria - I'm guessing capital gains tax and stamp duty will need to be paid?

Can anyone suggest a reputable and knowledgeable lawyer who deals in trusts and can provide accurate advice?

Appreciate all thoughts and ideas.

 

Bad idea probably. They should seek legal advice