Trusts are chosen over other structures, such as partnerships and companies, for reasons other than tax planning, says Hewison Private Wealth director Chris Morcom. As such, their appeal for asset protection and estate planning will endure. “For some of my clients, there is no way they are going to undo their trust because it is there for a specific reason, which is most often asset protection or estate planning,” he says. “The cost of undoing it would be pecuniary.”
Australian Financial Review
Joanna Mather
10 November 2017
Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.auPlease note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.
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