thanks for the advice, will start making some calls over this whole crystal ball thing

thanks D

Thanks Terry for the tips,Who are you??, you seem to have an answer for everyone's Q'sCheers

thanks for the ato link Terryw,I will keep researching and seek further clarification from my accountant,You seem to know your stuff, are you a CPA??CheersGavsam

Hi terryw,Hmmm, will have to further clarify then…..I was told that it is a Discretionary Family Trust, I mentioned a hybrid trust to my accountant, but was told that was not what the proposed 'discretionary family trust' is.anywhere you would suggest online i can resolve / clarify this, ato ….?

Hi there,having got a fuller version of how this works from my accountant guru, here's what i found:Discretionary Family Trustto create u need:   The legal owner (in name only) – trustee                  The assets (business or other assets, such as a home) – trust fund                  The beneficiaries                  The individual who hire…[Read more]