And possibly worse. 18yo gets a job at Subway, working 15 hours pw. So as a result of your trusts' distributions- not only does not receive the income, but her income tax liability rises as a result of your distribution.
I don't know- your local friendly accountant could tell you. (I don't have an HDT, my last property purchase was a few years ago before I knew about them- and this property is OK in a family trust).
There are ongoing fees as well as establishment fees.
That's my understanding
Also that's my understanding.
Do a search in the forum. And look at Dale's "Trust Magic" book.
What else could I say but forumite and very valued contributor Dale