family trust
#1
Banned
Thread Starter
Joined: Dec 2003
Posts: 150
family trust
Does anyone have experience of setting up a family trust as an individual?
What are pros and cons?
What are pros and cons?
#2
Guest
Posts: n/a
Re: family trust
Originally posted by jumbo
Does anyone have experience of setting up a family trust as an individual?
What are pros and cons?
Does anyone have experience of setting up a family trust as an individual?
What are pros and cons?
It is a complex situation. Are you in OZ ?
Discretionary trusts, Hybrid Trusts, Discretionary Hybrid Trusts ?
Not all Accountants understand all the different aspects, so you need one that REALLY understands, before you set it up.
#3
Banned
Thread Starter
Joined: Dec 2003
Posts: 150
Re: family trust
Originally posted by ABCDiamond
Jumbo
It is a complex situation. Are you in OZ ?
Discretionary trusts, Hybrid Trusts, Discretionary Hybrid Trusts ?
Not all Accountants understand all the different aspects, so you need one that REALLY understands, before you set it up.
Jumbo
It is a complex situation. Are you in OZ ?
Discretionary trusts, Hybrid Trusts, Discretionary Hybrid Trusts ?
Not all Accountants understand all the different aspects, so you need one that REALLY understands, before you set it up.
No I shall be migrating soon and am exploring how to legitimately minimise my tax payments - as an individual - but could set up a company for tax purposes. I shall not be working when I get to Oz.
Regards
#4
Guest
Posts: n/a
Re: family trust
Originally posted by jumbo
No I shall be migrating soon and am exploring how to legitimately minimise my tax payments - as an individual - but could set up a company for tax purposes. I shall not be working when I get to Oz.
Regards
No I shall be migrating soon and am exploring how to legitimately minimise my tax payments - as an individual - but could set up a company for tax purposes. I shall not be working when I get to Oz.
Regards
I can recommedend a couple of people who specialise in trust set ups, and trust accounts. I do know more about trusts than I used to, but only enough to be more confused by them than I used to be
Good luck.
#5
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: family trust
Hello jumbo, and I hope you are having a Happy Xmas.
Family Trusts are generally used as a tax planning and/or asset protection vehicle by those who have their own business where they would otherwise be paying tax at the highest marginal rate of tax.
If you would like the name of my Australian CA partner to discuss the advantages/disadvantages, mechanics, and costs, please send me a PM or email.
Best regards.
Family Trusts are generally used as a tax planning and/or asset protection vehicle by those who have their own business where they would otherwise be paying tax at the highest marginal rate of tax.
If you would like the name of my Australian CA partner to discuss the advantages/disadvantages, mechanics, and costs, please send me a PM or email.
Best regards.
Originally posted by jumbo
Does anyone have experience of setting up a family trust as an individual?
What are pros and cons?
Does anyone have experience of setting up a family trust as an individual?
What are pros and cons?
#6
Banned
Joined: Jan 2004
Posts: 47
Re: family trust
Originally posted by Alan Collett
Hello jumbo, and I hope you are having a Happy Xmas.
Family Trusts are generally used as a tax planning and/or asset protection vehicle by those who have their own business where they would otherwise be paying tax at the highest marginal rate of tax.
If you would like the name of my Australian CA partner to discuss the advantages/disadvantages, mechanics, and costs, please send me a PM or email.
Best regards.
Hello jumbo, and I hope you are having a Happy Xmas.
Family Trusts are generally used as a tax planning and/or asset protection vehicle by those who have their own business where they would otherwise be paying tax at the highest marginal rate of tax.
If you would like the name of my Australian CA partner to discuss the advantages/disadvantages, mechanics, and costs, please send me a PM or email.
Best regards.