{"product_id":"family-trusts-isbn-9781394338009","title":"Family Trusts","description":"\u003cp\u003e\u003cb\u003eDiscover clear and practical steps to confidently establish and manage a family trust\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFamily trusts can be a game-changer for protecting your assets, managing your wealth and securing your family's financial future—but they're often misunderstood. \u003ci\u003eFamily Trusts: A Plain-English Guide for Australian Families\u003c\/i\u003e cuts through the complexity, simplifies legal and financial processes, and offers clear explanations and advice that you can really use.\u003c\/p\u003e \u003cp\u003eThis book will help you decide if a family trust is right for you, then provide simple steps that enable you to make informed decisions and confidently engage with advisers. Fully updated to reflect current laws and legislation, this sixth edition is essential for navigating the modern finance and taxation landscape.\u003c\/p\u003e \u003cp\u003eInside, you'll discover how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eEvaluate trusts: Weigh the advantages and disadvantages to determine if a trust is right for you—and identify alternative strategies\u003c\/li\u003e \u003cli\u003eNavigate tax and social security: Understand tax obligations, capital gains and how trusts impact benefits\u003c\/li\u003e \u003cli\u003eProtect your assets: Help safeguard against creditors and bankruptcy using strategic trust structures\u003c\/li\u003e \u003cli\u003eTailor your trust: Explore discretionary trusts, unitised trusts and philanthropic uses, with the help of practical case studies\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003cbr\u003eThis expertly written guide includes updates on trustee qualifications, hybrid trusts, non-resident beneficiaries, and key legislative changes. It is a must-have resource for anyone looking to preserve their family's prosperity for generations to come.\u003c\/p\u003e \u003cp\u003eAbout the authors vii\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003e1. The concept of a trust 1\u003c\/p\u003e \u003cp\u003e2. Modern family trusts — advantages and disadvantages 9\u003c\/p\u003e \u003cp\u003e3. Types of family trusts 29\u003c\/p\u003e \u003cp\u003e4. The trustee 39\u003c\/p\u003e \u003cp\u003e5. Administrative aspects of a trust 63\u003c\/p\u003e \u003cp\u003e6. Income tax as it relates to trusts and trust distributions 85\u003c\/p\u003e \u003cp\u003e7. Capital gains tax 103\u003c\/p\u003e \u003cp\u003e8. Taxation of family trusts 113\u003c\/p\u003e \u003cp\u003e9. The family discretionary trust 137\u003c\/p\u003e \u003cp\u003e10. Trust accounting 147\u003c\/p\u003e \u003cp\u003e11. Social security 155\u003c\/p\u003e \u003cp\u003e12. Investment decisions 171\u003c\/p\u003e \u003cp\u003e13. Other types of trusts 177\u003c\/p\u003e \u003cp\u003e14. Other issues to consider 197\u003c\/p\u003e \u003cp\u003eAppendix A: Wills and trusts compared and contrasted 221\u003c\/p\u003e \u003cp\u003eAppendix B: Differences between trust deeds and powers of attorney 223\u003c\/p\u003e \u003cp\u003eAppendix C: Tax rates 2024–25 225\u003c\/p\u003e \u003cp\u003eGlossary 229\u003c\/p\u003e \u003cp\u003eIndex 253\u003cbr\u003e \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eN. E. Renton\u003c\/b\u003e (d. 2010) was a consulting actuary and author, well known for his many books and articles on investment, business, taxation and retirement issues. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eR. A. Caldwell\u003c\/b\u003e is a tax accountant with over 20 years of experience as an Australian Taxation Office (ATO) advisor and a tertiary level lecturer in taxation and management accounting. Rod is the author of \u003ci\u003eTaxation for Australian Businesses\u003c\/i\u003e, \u003ci\u003eLearn Small Business Accounting in 7 Days\u003c\/i\u003e and \u003ci\u003eLearn Bookkeeping in 7 Days\u003c\/i\u003e.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eProtect your wealth and safeguard your family’s financial future with a trust\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eFamily trusts are a valuable but often underutilised tool for managing wealth and protecting assets. \u003ci\u003eFamily Trusts: A Plain-English Guide for Australian Families\u003c\/i\u003e breaks down the legal and financial aspects of family trusts into simple terms and provides a straightforward but comprehensive guide to help you make informed decisions and engage confidently with your advisors. \u003c\/p\u003e\u003cp\u003eIncluding the most recent updates to Australian law and legislation, this sixth edition of \u003ci\u003eFamily Trusts\u003c\/i\u003e walks you through all the information you need to decide whether a trust is right for you and your family. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eYou’ll learn how to:\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eweigh the advantages and disadvantages of a family trust\u003c\/li\u003e\n\u003cli\u003eunderstand discretionary, unitised and philanthropic trusts\u003c\/li\u003e\n\u003cli\u003ehelp safeguard your assets against creditors and bankruptcy\u003c\/li\u003e\n\u003cli\u003enavigate and minimise your tax obligations\u003c\/li\u003e\n\u003cli\u003eprotect and grow your wealth.\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003eFamily Trusts\u003c\/i\u003e is a vital resource that provides accessible, accurate and up-to-date advice on this critical instrument for wealth protection in Australia.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989197111525,"sku":"NP9781394338009","price":24.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394338009.jpg?v=1761783171","url":"https:\/\/k12savings.com\/es\/products\/family-trusts-isbn-9781394338009","provider":"K12savings","version":"1.0","type":"link"}