We can assist you with structuring your business or investments through family and testamentary trusts.
Trusts can be used as a way to minimise tax; providing shared income to family members; to reduce the risk of creditors making a claim against your assets; and to place valuable assets out of the direct control of individuals at risk of making poor decisions that may affect a number of stakeholders involved.
A common type of discretionary trust is a family trust. A trustee (usually one of the family members) is elected to hold assets in their name for the benefit of a group of beneficiaries. Although one or more person can be elected as trustee, so to can a company. This is beneficial in terms of avoiding difficulty experienced in situations such as the death of a trustee, or in circumstances where a trustee becomes bankrupt.
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