benefits of a trust
Types of Trusts
Is your business structured to operate in the most financially beneficial way?
Are your assets protected in a way that will ensure your legacy?
Are you paying the lowest applicable tax rate for your combined income?
A family trust is a unique business form, which operates as a separate entity from those persons who initiate the trust (the settlors).
Any and all assets, property, monies and so forth that are transferred into the trust are no longer owned by the initiating persons but by the trust. However, the settlers - as directors of the trust - may still have some shared control over their former assets. They will be able to use their collective discretion (together with the other directors of their trustee company) to distribute the income generated by these assets to the beneficiaries. Those beneficiaries may of course include themselves.
Your trust can also operate as a trading business, and the profits can be spread among the beneficiaries. This can provide huge taxation benefits as profits may be taxed separately from your main source of income, allowing for the lower tax rate of 19.5 cents in the dollar, rather than 33c or 39c.
Depending on your situation, it may be preferable or even essential for your limited liability company to be linked to the trust and utilised as the trustee. This can provide safety for third party concerns, as one may operate within the commonly known company structure in dealings with the trust.
Trust the specialists.
Company Solutions Ltd can help with the formation of your trust.
You can find out more about our trust formation services on the following pages:
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us to have your questions
answered.