Is a trust the solution to protect family and business wealth

A talk by Grant Abbott, Tony Anamourlis and Michael Jeffriess
Lightyear Docs, Abbott & Mourly and Lightyear Docs

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About this talk

The answer to this question is Yes if you have the right sort of trust set up. We all know the benefits of a discretionary trust for taxation purposes but family and wealth protection is not guaranteed. If you use a Family Protection Trust with a special purpose corporate trustee and a four line lineage of succession in family protection appointors then family and business wealth protection is strong and secure. If you are using a simple discretionary trust with a sole director corporate trustee, individual trustees and no line of appointor succession – there is as much family wealth protection as a paper bag. And companies? Not even worth talking about.

In this session Grant and Michael will look at the ideal Tax – Family Wealth Protection – Business Succession and Estate Planning structure for all clients from start ups to medium size businesses.