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An Argyle Discretionary Trust
"In the year ended 30 June 2001 there were in excess of 23,000 personal bankruptcies in Australia".
So called because none of the discretionary beneficiaries has any specific entitlement to the assets held in the trust nor income generated by the trust, acquiring and accumulating assets in a discretionary trust can assist you to protect those assets against both personal and commercial risks while at the same time achieving significant tax efficiencies.
Significant tax benefits can also be obtained through:
| · | flexibility of income distribution among beneficiaries; |
| · | distribution of different classes of income to different beneficiaries; |
| · | availability of 50% capital gains tax concession where gains are distributed to natural persons; |
| · | potential for application of capital gains tax small business concessions; |
| · | capacity for flexible, tax effective loans to be made to beneficiaries. |
The key features of the Argyle Partnership’s Discretionary Trust Deed are:
| · | flexibility to achieve wealth distribution and estate planning objectives; |
| · | tailoring of trustee powers and discretions from broad to narrow; |
| · | simple control and administration; |
| · | supporting documentation including all relevant minutes, explanatory summaries and legal analysis; |
| · | efficient trustee protections; |
| · | complementary expertise of staff in tax law, stamp duty, bankruptcy, asset protection, trust law and estate planning. |
Argyle Lawyers offers an exceptional discretionary trust service, including the establishment of trusts, amendment of existing trusts, trust deed reviews and tax effective structuring and planning advice.
If you would like further information click here to e-mail our Tax and Superannuation Team.
Argyle Lawyers Pty Ltd prides itself on providing personal and tailored advice and products. If you would like to us to prepare the Discretionary Trust for you please login to our Client Resources Page to download the relevant instruction sheet and notes to assist you to complete the instructions.
If you would like to register to access our Client & Referrer Resources Area please email us at admin@argylelawyers.com.au
