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  • Profile photo of BalaBala
    Participant
    @balaji
    Join Date: 2016
    Post Count: 5
    June 24, 2016 - 10:50 pm

    Thanks much Corey and Terry for taking time to respond!

    Also, can overseas family members be included as beneficiaries in a trust? In such a case, if any part of profit earned in Australia is passed on to them (into their overseas bank account), would Australian income tax laws apply? Or would it be taxed at their home country?

    Thanks
    Bala

    Profile photo of BalaBala
    Participant
    @balaji
    Join Date: 2016
    Post Count: 5
    June 22, 2016 - 9:47 pm

    Hi Terry,

    Been reading your comments and find them to be extremely informative. Thanks for that!

    I have a question related to the trust set up. Is it possible for me (assuming I am the director of the trust company) to appoint my minor child as a beneiciary of the trust? Or should I wait till he turns 18 to have him included?

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