z_Trusts & Estate Planning

Tying in your will with your family trust

Friday 16th of February 2001

When establishing your family trust you normally end up with the trust owing to you, as the settlor, a loan (often considerable) which is normally forgiven over the years at the allowable rate, which is currently $27,000 per annum. The objective is to reduce the loan owed to you to a nil balance. Generally at this stage the assets previously owned by you are protected by virtue...

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