You have a trust for 2 reasons. -first to protect your assets as...

  1. 9,562 Posts.
    lightbulb Created with Sketch. 449
    You have a trust for 2 reasons.
    -first to protect your assets as a result of any legal or illegal situation.
    -second to divide income amongst every /any beneficiary that can be added to beneficiaries,but with some obvious controller of the trust that for some reason (an obvious reason) judges/accountants pretend does not exist.
    -clearly the object is to not establish any ownership of any assets ,clearly immoral imo.
    Shorten and turnbull need a kick up the __ to allow such obvious tax avoidance to be legal.
    But smsf's earning 50 to 100k an obvious easy target maybe.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.