26d • ❓| Questions
Anyone here in this community that can confirm this information?
So I just came across some information stating that you can have two trusts.
Trust 1:
Owns 90% of the business
Trust 2:
Specifically for the family (a family trust)
The information pertaining to this particular structure is that trust 1 can donate all of the company’s profits (Liquid Assets) to trust 2 (the family trust) and this will keep all or most of the assets tax free.
My questions are:
1.) Is this true?
2.) If yes, can someone run down the proper process to me because this changes everything I’ve learned.
1
2 comments
Anyone here in this community that can confirm this information?
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