Introduction
You want (or have been told) to create a trust. Do you know why?
And if you know why, do you know how?
If your answer to both of these questions is yes, then a trust
will work for you and your family. If your answer is no to either
question, you will design a trust that is destined to fail.
Family or discretionary trusts are good for tax planning and
asset preservation, but there is so much more to them. It is
estimated that there are more than 850,000 of these trusts in
Australia, potentially holding wealth approaching
$3,000,000,000,000! So, if you want (or have been told) to create a
trust, presumably it will hold part of your wealth.
However, do you know why, and do you know how?
