Hi Derek, Thank you for providing information in simpler form. Makes lot of sense now.
@mangoman9290
4 ай бұрын
A great video. Does the transition from a Discretionary Trust to a Family Trust remove all nominated Discretionary Trust beneficiaries?
@TwelveAccounting
29 күн бұрын
yes. you will need to adopt a brand new trust deed. derek
@binaryagenda
2 жыл бұрын
Derek, can a family trust make a distribution to charities or a non-profit e.g. a church? Or would you need to have a separate discretionary trust for that?
@TwelveAccounting
2 жыл бұрын
great question. i'm going to find a good trust lawyer to answer that question properly. my understanding is that a discretionary trust can as long as the charity is specifically named (not just 'a charity') in the trust deed. i'm not certain regarding a 'family trust', i'm thinking no, but will seek clarification. derek
@yaritzasalazar5296
2 жыл бұрын
Can you distribute from a family trust with profit to a family trust holding a negative gearing property
@TwelveAccounting
2 жыл бұрын
I believe you can as long as the test individual is the same in both family Trusts. derek
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