Formation of your Family Trust

When you form your family trust, you allow yourself and your family members the opportunity to save tax and protect your assets.

Company Solutions Ltd acts in conjunction with legal consultants to advise on and form your family trust.

If you would like a tailored consultation with Garth Melville (the managing director) to gain valuable beneficial advice for your personal or company structure, trusts and/or tax options to suit your circumstances, please complete the simple form below and we will get back to you ASAP.
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TAX SAVINGS
Your trust may operate a trading business and can create substantial tax savings for your family. As beneficiaries, your family members may each save considerable tax by the trust splitting income amongst those family members; thus have income taxed in the lower tax bracket.

For a more comprehensive example of the way a trust may save tax for your family members, please visit our [Trust Benefits] page.

ASSET PROTECTION - BUSINESS RISK
In addition to tax benefits, a trust also allows you to separate your assets from business risk, thereby protecting your assets and further limiting your personal liability.

PROTECT YOURSELF AGAINST INCOME TESTING
Your trust can also protect you against asset or income testing for aged or hospital care.

POSSIBLE REINTRODUCTION OF DEATH DUTIES
Although they are not currently in effect, the government could conceivably reintroduce superannuation surcharges or death duties. In the event of superannuation surcharges or death duties being reintroduced, a trust may isolate and protect your assets.

PROTECT YOUR FAMILY RESIDENCE
A trust may also be used to hold your family residence for asset protection, thereby ensuring that your home stays with your family, come what may. There are many important reasons why operating a family trust is a good idea, not least of which is the safeguarding of your legacy for your beneficiaries.

For a more in-depth discussion of those reasons please visit the Setting Up Trust part of our 'Smart Financial Strategies’ section. For further information or to set up your trust, please feel free to Contact Us.