Description
The book details all aspects of both setting up and running a family trust, including discretionary versus unitised trusts, trust deeds, and the roles and responsibilities of settlors and trustees. You'll learn how trusts can be used to benefit philanthropic foundations, and how to manage a trust intended for the financial care of a child with an intellectual disability. This Fifth Edition has been fully updated for the 2014 – 2015 tax year, and amended to parallel the May 2014 budget. The new material details topics like:
- Rates and trustee qualifications
- Hybrid trusts and non-resident beneficiaries
- Borrowing by trustees, and trustee meeting minutes
- Protecting assets against creditors, bankruptcy, and divorce
Details
Are you looking for a way to protect your family's assets and ensure their financial security? Look no further than Family Trusts: A Plain English Guide for Australian Families. This comprehensive guide breaks down the complexities of family trust planning into easy-to-understand language, making it accessible to everyone. Whether you're a high-income earner or a family of average means, this book is a must-read for anyone looking to secure their family's future.
Why should you consider a family trust? The benefits are numerous. From minimizing taxes to protecting assets against creditors and divorce, a family trust offers a wealth of advantages. With this guide, you'll gain the knowledge you need to make informed decisions and ask the right questions to your financial and legal advisors. Don't let the complexity of trusts scare you away - with Family Trusts: A Plain English Guide, you'll become an expert in no time.
Written by Nick Renton, and newly updated by Rod Caldwell, this fifth edition of Family Trusts has been specifically tailored to the 2014 - 2015 tax year and aligned with the latest budgetary changes. You can trust that you'll be equipped with the most up-to-date information to navigate the world of trusts effortlessly.
To further enhance your understanding, real-life case studies are included in the book, allowing you to see proper handling and important concepts in action. Whether you're considering discretionary or unitised trusts, this guide covers it all. You'll also learn how trusts can be utilized for philanthropic foundations and the financial care of a child with an intellectual disability.
If you're ready to take control of your family's financial future, Family Trusts: A Plain English Guide for Australian Families of Average Means, 5th Edition is your go-to resource. Don't miss out on this opportunity to secure your family's assets and ensure a bright future for generations to come. Get your copy now.
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