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 cons of  having a Family Company named as a beneficiary?

Many thanks in advance to all your inputs.