Lancelot1 replied to the topic beneficiaries of discretionary trust in the forum Legal & Accounting 14 years ago
Hi,Looking to set up a Discretionary Trust but I'm a bit confused as to whether I need to set up a "Family Company" as a beneficiary or can i use"each corporation of which a Beneficiary is a director and owns at least one share (alone or with another person)" to take advantage of income distribution at the 30% rate.Also, what is the pros and…[Read more]