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What is a Family Trust?

A family trust is a proven strategy of taking earnings from a high income earner and spreading it across lower income earners within a family.  This helps lower the tax liability of the higher income earner.  By leveraging your spouse or adult children, you can move taxable income to a lower taxable earner.

Developing a plan for your family or trust is important for protecting everyone

Family trusts can be a sensitive issue and potential source of conflict for a family.  Despite this, it is vital to have a family plan and trust clearly laid out to avoid issue during an already difficult time.  Many business owners and their families have benefited from implementing this strategy. Be sure to contact Numbers Plus Professional Corporation  to see how a Family Trust will work for you.