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November 22, 2024
Family Trusts: Tax Benefits and Potential PitfallsFamily trusts are a popular tool for wealth management and tax planning in Australia, providing a range of benefits for families looking to protect their assets and minimize their tax burden. However, setting up and managing a family trust can also come with potential pitfalls that must be navigated carefully. Here’s a detailed look at the advantages of family trusts and the common issues to avoid.