goddessk said:Hi sydneycider, just to clarify, I didn't indicate I was in this situation (as I do have a partner and family members to leave my assets to - no kids though and this will not change) however I was just curious as to whether a trust is of benefit if you chose not to leave your assets to anyone.
Even if you have no beneficiaries now, you may in the future.
eg. Your cousin marries a uni student not working
If you never have any one you can distribute money to, you still have the option of forming a company and distributing the money to the company when your taxable rate exceeds 30%. If you had investments in your own name, then you wouldn't have the choice.
As mentioned, you also have asset protection issues, and estate planning issues.