Feb 23, 2024
This podcast episode provides valuable insights into effective tax
planning and structuring for business owners and wealth
accumulators. Ken Raiss, a trusts expert, shares his expertise on
using discretionary trusts to minimize taxes, protect assets, and
facilitate intergenerational transfer of wealth. He discusses
strategies like corporate beneficiaries and emphasizes the
importance of expert advice to set up structures tailored to
individual needs and goals. Listeners will learn how to maximize
wealth growth and avoid common tax mistakes through proper
planning.
Key
Takeaways:
- · Get tax planning right from the start to avoid costly mistakes later.
- · Discretionary trusts can help minimize taxes and protect assets for generations.
- · Trusts offer more flexibility than individual ownership for passing assets to family.
- · Strategies like corporate beneficiaries can help save taxes for business owners.
-
·
Get
expert advice to properly understand and set up tailored trust
structures.
Connect with Ken Raiss:
LinkedIn:
https://www.linkedin.com/in/kenraiss/?originalSubdomain=au
Important Links:
https://wealthadvisory.metropole.com.au/
https://www.amazon.com/Every-Property-Investor-Needs-Finance-ebook/dp/B00H1O5U6C