you form your family trust, you allow yourself
and your family members the opportunity to save
tax and protect your assets.
Solutions Ltd acts in conjunction with legal
consultants to advise on and form your family
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.
a more comprehensive example of the way a trust
may save tax for your family members, please
visit our [Trust Benefits] page.
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.
trust can also protect you against asset or
income testing for aged or hospital care.
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
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
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