Trusts

Trusts constitute a flexible instrument in securing efficient distributions of income between beneficiaries and a discretionary trust may result in taxation benefits (including capital gains tax advantages when compared with companies) if properly implemented. Unit trusts have an important  place in formation of contemporary business structures.

A well drafted discretionary  trust deed will permit various types of capital and  income to be separately streamed to best advantage.

Discretionary trusts may play a significant role in asset protection strategies, bearing in mind that in the recent past the courts have opened out the capacity to make trust assets available to creditors and other claimants.

Notwithstanding, well drafted trust structures continue to have significant merit.

Further Reading:

Are Family Trusts Still Viable Asset Protection Vehicles?

Asset Protection

For more information please contact David Walters:

email:  dwalters@erlingtons.com.au

phone: 02 6206 1300