Family Trust

The Family Trust, formally known as the Discretionary Trust, is a setup that can provide asset protection plus being a useful tax planning tool in the form of income distributions. The Family Trust allows the tax burden to be spread across the family, with the income distributing to family members with the lowest tax rate first. Some of the benefits associated with the Family Trust structure are:

• It can provide protection of assets held in Trust from bankrupt individuals or in a family breakup

• It provides tax benefits in the form income distribution to family members at the lowest tax rate.