Summary
Trusts are not just for multinationals. It would be a mistake to overlook a tool that can do so much for you and your small or medium enterprise. In fact, to stay ahead in business, it is important to have all the tools available to competitors, who are increasingly aware of just how business-friendly a trust can be. Basically, four types of trusts are suited to small businesses and owner-managers: asset protection trusts, estate freeze trusts, investment trusts and real estate trusts. Each works differently and has its advantages. The real estate trust is a favorite because, in certain circumstances, it is the legal vehicle subject to the least tax. This alone makes it worthwhile. Estate freeze and investment trusts are also worth their weight in gold and are often the only way for entrepreneurs to feel secure enough to start their succession planning.
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Extract
A Match Made in Heaven
Trusts are not just for multinationals. It would be a mistake to overlook a tool that can do so much for you and your small or medium enterprise. In fact, to stay ahead in business, it is important to have all the tools available to competitors, who are increasingly aware of just how business-friendly a trust can be.
Basically, four types of trusts are suited to small businesses and owner-managers: asset protection trusts, estate freeze trusts, investment trusts and real estate trusts. Each...See the full content of this document
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