AFR Smart Investor --- Page: 64-67 : March 2007 Original article by Toni Case
ABIX Summary
A family trust is an effective way to reduce taxes. Family trusts can smooth the transfer of family inheritances and safeguard assets from creditors. The inclusion of a self-managed superannuation fund within the trust structure has particular estate planning advantages in Australia. Setting up a family trust involves getting advice or purchasing a trust deed online; deciding whether or not to be the trustee; and selecting a wide range of beneficiaries. Brett Davies, of LawCentral, says that since beneficiaries cannot demand anything from the trust, it is best to choose as many as possible.
