Family Trusts. A Plain English Guide For Australian Families Of Average Means

Cover Type: Softcover
Book Condition: Very Good
Jacket Condition: None Issued
Publisher: Wright Books
Publisher Place: Australia
Publisher Year: 2001
Edition: First Edition

Description: 294 pages. Book is in Very good condition throughout.

Publishers Description: This practical book will help families to decide whether to set up a family trust, to understand the advantages and disadvantages of this useful legal concept and to discuss the issues more intelligently with their professional advisers. Investment aspects and the taxation and social security rules affecting trusts and their beneficiaries are covered.This fourth edition has been greatly expanded and updated to reflect the current tax regime. The book is now twice the size of the 1997 first edition. It includes chapters on the winding-up of trusts and on charities and philanthropic foundations.Also added are selected questions asked by persons involved with family trusts and comprehensive answers to these. These real life case studies will help to flesh out this important subject.The book discusses trust deeds and the roles of the settlor and the trustee. It examines discretionary trusts and unitised trusts and it analyses the principal alternatives to family trusts.Even if a trust starts off in a fairly small way it could grow over time to handle quite large sums. Getting things right in the first place is thus clearly most important. This comprehensive work will assist Australian families to create wealth by arranging their financial affairs in better ways, taking into account current conditions and their own particular circumstances.The important question "Can anything go wrong" is dealt with. Other topical subjects explored are the use of trusts for children with an intellectual disability and for the protection of assets against creditors.A Glossary, some numerical examples and a detailed Index are included. Patricia Feilman provided the Foreword.

ISBN: 9781876627669