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  • Profile photo of Cruising666Cruising666
    Participant
    @cruising666
    Join Date: 2009
    Post Count: 4
    April 8, 2009 - 1:27 am

    How would the Discretionary Trust delineate the 80/20 split ? With the DT, wouldn't the beneficiaries have to be family members only?

    Thanks for your help Terry.

    Profile photo of Cruising666Cruising666
    Participant
    @cruising666
    Join Date: 2009
    Post Count: 4
    April 7, 2009 - 3:45 am

    Another question, how do you transfer an existing business into a Trust? A simple business Contract?

    Profile photo of Cruising666Cruising666
    Participant
    @cruising666
    Join Date: 2009
    Post Count: 4
    April 7, 2009 - 3:43 am

    Thanks for your assistance!

    Do you think it is worthwhile to have the service trust at all? Maybe I can just have a Unit Trust and then the unit holders are beneficiaries as a discretionary trust.

    I own 80 % of the business assets and my business partner owns 20%.

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