I have a HDT that has been gathering dust and spinning off expenses now for three years.
I no longer really need a HDT but a standard family trust or DT I guess might be useful.
I'm thinking in particular a joint investment account for shares and MF's that would be geared to a neutral or slightly + level.. This account would be an accumulator account, no withdrawals planned for 10+ years etc.
Partner A: Main income earner for the next few years, high tax bracket.
Partner B: No income presently, future potential as a high income PAYE earner (doctor)
Children: Maybe
Presently everything would be done in A's name as the funds would be very small to start, though I'm thinking if it's worthwhile going through the expense of getting the margin loan in a future DT's name?
Thoughts?
I no longer really need a HDT but a standard family trust or DT I guess might be useful.
I'm thinking in particular a joint investment account for shares and MF's that would be geared to a neutral or slightly + level.. This account would be an accumulator account, no withdrawals planned for 10+ years etc.
Partner A: Main income earner for the next few years, high tax bracket.
Partner B: No income presently, future potential as a high income PAYE earner (doctor)
Children: Maybe
Presently everything would be done in A's name as the funds would be very small to start, though I'm thinking if it's worthwhile going through the expense of getting the margin loan in a future DT's name?
Thoughts?
