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This describes a classic family trust. In our view, a family trust is still one of the best structures available in Australia to protect assets and reduce income tax. What are the benefits of a family …
Apr 19, 2025 · In this blog, we’ll explore the essentials of a family trust, including its purpose, benefits, tax implications, and the step-by-step process of setting up a family trust in Australia.
Dec 11, 2024 · Are you ready to explore how a family trust could benefit your family? Contact TSP Accountants & Business Advisors to discuss your options and take the first step toward securing …
Learn about the trust administration changes coming from 1 July 2024 for trustees, beneficiaries and tax agents. A trust is an obligation for a person or other entity to hold property or assets for …
A family trust can be created by you during your lifetime (called an inter vivos trust), or after your death (a testamentary trust). The difference between these two types is whether they're set up …
Aug 7, 2025 · Trusts aren’t just for 'rich' people. They can provide peace of mind by ensuring assets go to the right people. Trusts can avoid the public, court-supervised probate process for …
Establishing a family trust can protect assets from bankruptcy, lawsuits, and individual trustee liabilities. However, as with all investment strategies, you must consider many family trust …
What are some potential benefits of a family trust? Family trusts are a popular choice for families and their advisors in Australia because they inherently provide asset protection, allow income to …
Feb 28, 2024 · Families can use these trusts to effectively handle their financial and tax matters. However, the advantages of trusts extend beyond the wealthy; regular families and individuals …
Family trusts offer several tax advantages that make them an attractive tool for wealth management. A primary benefit is the flexibility in income distribution, allowing you to minimise …
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