A family trust, often referred to as a discretionary trust, is a strategic way to manage and protect family assets in Australia. This type of trust allows a trustee to hold and manage assets for the benefit of the beneficiaries, who are usually family members. The trustee has the flexibility to decide how income and capital are distributed among the beneficiaries, making it a useful t... https://www.mytaxguy.com.au/what-to-do-to-set-up-a-family-trust-in-australia/