Existing Family Trust or Discretionary Family Trust #familytrust

If you have a family trust - here is what you should be doing right now.
Nothing.
This legislation does not kick in until 1 July 2028 and there is rollover relief available. The industry is still working out the best strategies, so the smartest move right now is to wait, understand the problem, and make decisions with the full picture.
Yes, there will likely be more tax. But for many business owners with multiple entities, things could actually get simpler down the track.
No need to panic. Plenty of time to get it right.
General advice only. Please consider your personal circumstances or speak with us before acting.
#familytrust #taxplanning #businessowners #financialadvice #wealthstrategy