29 Jun What’s this current publicity about “Trust-busting” and is your Trust still worth having?
Do family trusts still serve your best interests? The answer in most cases will continue to be a very definite "Yes". Many of us continue to want the flexibility a fully discretionary family trust provides. Our wish may be to manage the transfer between generations of wealth within a family using an ownership vehicle (the trust) which sees family wealth passing to the next generation in a sheltered manner. It may also be to quite lawfully shelter assets from the claims of future creditors, future relationship property claimants and other third parties. In years gone by income tax minimisation and death duty minimisation were major...