"Having resolved my previous questions, I have now bought and read Learn More About Family Trusts & Alternative Structures, which was very enlightening." - from a reader's e-mail, commenting on the first edition
LEARN MORE ABOUT FAMILY TRUSTS
& OWNERSHIP OF ASSETS BY INDIVIDUALS, PARTNERSHIPS, COMPANIES AND TRUSTS
What all prudent Investors and Small Businesses should know
by N E Renton (Wrightbooks, 2nd edition, 2006)
From the Foreword by Paul Sheahan, Headmaster, Melbourne Grammar School:
The author, Nick Renton, has been a long-time commentator on the financial scene (and broader issues) in Australia. How he had the energy and insight - quite apart from the clarity of expression - to write this, his latest treatise on a specific topic, defies description.
His observations have been informed, occasionally pungent, rarely cryptic and highly valued by those who do not have the depth of understanding of the intricacies of financial planning that he has...
I recommend the book strongly; from my comparatively low-level vantage point with respect to financial knowledge, I found it not only very useful but also most enjoyable.
In Australia taxation tends to involve black letter law and thus it is necessary to have regard to form as well as to substance.
This is a book for share and property investors and the owners of small businesses. It analyses the various alternative legal structures which should be considered.
Rather surprisingly, despite a great thirst for knowledge on the part of asset holders, very little has previously been published about this important subject.
The various chapters cover the ownership of assets by individuals, partnerships, trusts, companies and superannuation funds. A description of tax rulings and tips for small businesses are also included. Wills and powers of attorney are dealt with.
A SORT OF SEQUEL
This book complements the earlier work entitled Family Trusts, which explains in great detail how family trusts work and their taxation basis, and which analyses their advantages and disadvantages. This further book Learn more about Family Trusts & Ownership of Assets by Individuals, Partnerships, Companies and Trusts focuses more on the various legal structures which investors and businesses can use, because trusts are not the optimum solution for everybody.
This second edition is 54 per cent larger than the first. The book has been updated throughout. It takes into account the Budget announcements of 9 May 2006. Additional topics such as ethical investments, personal services incomes, double capital gains, insurance and the current marginal tax rates have been included.
Also added for the first time is a very important and rather long chapter featuring selected questions asked by persons actually involved with family trusts and alternative structures, together with comprehensive answers to these. These real life case studies will help to flesh out this important subject.
This book will provide much food for thought for informed family discussions and will also assist readers to analyse the alternatives intelligently with their professional advisers.
With a Glossary, an Index and a Foreword by Paul Sheahan.
296 pages 9780731404933 RRP $27.95
About the Author
Chapter 01 Introduction
Chapter 02 The Simplest Structures
Chapter 03 Partnerships
Chapter 04 Assets Held in a Family Trust
Chapter 05 Trusts: Advantages and Disadvantages
Chapter 06 Tax Savings Using a Family Trust
Chapter 07 The Family Trust in Practice
Chapter 08 Family Companies and Limited Liability
Chapter 09 Share Capital and Profit Distributions
Chapter 10 Assets Held in Minors' Names
Chapter 11 Assets Held in a Super Fund
Chapter 12 The Costs of DIY Super
Chapter 13 Using Borrowed Funds
Chapter 14 Planning for Retirement
Chapter 15 A Will is Important
Chapter 16 Wills in Special Situations
Chapter 17 Powers of Attorney
Chapter 18 Tax Rulings
Chapter 19 Record Keeping
Chapter 20 Investment Advice
Chapter 21 Other Tax Issues
Chapter 22 Selected Questions and Answers
Chapter 23 Miscellaneous
Appendix A Useful Internet Links
Appendix B Checklist of Typical Family Assets
Appendix C Marginal Income Tax Rates for 2006-07
Appendix D Wills and Trusts compared and contrasted
Appendix E Model Resolution for Trust Decisions
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A book specifically about Family Trusts
Introduction to Family Trusts
Questions and Answers about Family Trusts
Compendium of Good Writing
Home Page of Nick Renton AM
This page http://nickrenton.com/stz.htm was last updated on 2008-02-22