5 reasons why Australians love trusts

[@atyabalshattiesq.4712]

Im actually working on an article about trusts in general and how the laws of our jurisdiction prohibit working in trusts, I came across your video and I promise it is one of the best explanatory contents I've seen so far regarding the trust, simplified, humorous, and informative ! thank you so much.

[@dee2ttown]

Hi how are you? I would love to read it when you are done, is there a link I can have to it when you are done? or maybe if you are on linkedin I can read it?

[@Psych2go]

Love your humor! You’re a fun explainer!

[@OffGridInvestor]

Surprised to see you here!

[@awesomewav2419]

My God this is the best explanation of trusts in a simple format. Great video. Looking forward to exploring more of your videos.

[@haydens2831]

Perfect this is what i was after!!! I want to set myself and future family up i learnt about the Roth family trust. yes please make more on trusts ill be checking your channel out to see what videos you got. Thank you

[@Forge.mp3]

Really cleared up a lot of questions my business partner and I had. Thanks for the great video!

[@joshuaioane2579]

This video explained family trusts very well, esp with the visuals! Thank you

[@ShreksSpliff]

Bless. The comments hear are interesting to say the least. This is the most straight forward example I've seen

[@madeinaustralia1566]

wow you are the best put in simple word languages Its os easy to understand , thank you so much

[@thomascollocott]

Please keep making more videos like these

[@markkortink7479]

Hi, I would like to know the most tax effective way of setting up a discretionary trust when you have investment assets, property in particular, and want to "move" them under the trust without incurring capital gains or minimising them at least.

[@shamax2201]

Short and sweet !! nice one

[@brucereilly7763]

Excellent - thanks - well done - just what I needed to explain what advantages there are

[@emersonchaim5704]

you all prolly dont care at all but does someone know of a trick to get back into an Instagram account?? I was stupid lost the password. I appreciate any tricks you can offer me!

[@dawsoncrosby2954]

@Emerson Chaim instablaster ;)

[@chariscchi3140]

great and clear . Thank you. I now have a clear understanding.

[@AG-yw9ob]

You explained it well. Now I understood. Thank you for this video.

[@ziontrainmedia9498]

Thank you!

[@Hydrnaught]

Great explanation, I now fully understand how all this works & am grateful advice given was spot on.

[@cfdProptrader]

Thank you so much for expanding about Trust in 8 minutes.

[@caleb6912]

Thank you so much for this video, it is very enlightening🙏🏽 I come from a very poor upbringing and have been through some very challenging times. I will rest in peace knowing I have created financial security for all my descendants to come😌

[@KateLate____]

Now I finally understand why I set up a trust. I was convinced of the benefits when I created it, but I felt the explanation wasn't clear till now.

[@evolutionclouds]

As bookkeepers we obviously leave deciding the ideal business structure for our clients to their Accountant. However, during the year we are still responsible to code transactions correctly This can get particularly tricky when the owners of the business puts or takes money in/out of the business I’d love to see a video that explains how to correctly code these payments based on the relevant structure

[@KateLate____]

Can you explain what a bookkeeper does compared to an accountant? For a trust just holding real estate, with not a lot of transactions, should I use a separate book keeper?

[@leewilton5082]

Great video. You explained it really well.

[@alefavourite]

Hey! Just came across your vide. It is really informative, thank you! Did the labour government manage to introduce the 30% tax on trust you mentioned in your video?

[@Milly5288]

Great video. Would love to see more videos about trust structures and how to save your assets from even family members ex partners etc ❤

[@breakfreeYT]

Thank you.

[@rolandblack2939]

Really good video, especially given changes I am making - please do more of them.

[@heinandwilson]

LEGEND. THANK YOU

[@dylantrudgett1779]

Just the info I was looking for, great video.

[@hashemeshanouq7351]

Excellent material 👌

[@spirostamboulakis7673]

very informative . thank you

[@VATemper]

Is it possible for Trusts in Australia to utilise Insurance policies similar to the Whole Life Insurance policies in the US?

[@ashash9986]

Thank you

[@bakso1]

I was doing some research into setting A family trust to buy property but came across a note about Land Tax in NSW. Individuals are entitled to land tax thresholds but family trusts are not entitled to it so family trusts need to pay land tax from the first dollar. Do you have any experience with this?

[@sophialove5970]

Thank you. This is amazing

[@Nerdificationing]

A playlist on trusts would.be great

[@KateLate____]

What compliance is required by the corporate trustee?

[@kirstyjjamieson]

More trust related videos would be awesome. Still don't understand enough to say which kinds the video should cover though. Thanks

[@YoureNowOnTV]

Nice video. Thanks for creating and sharing it! 😀👍

[@jamesrobertson4098]

Amazing content, really enjoyed the ease of diagrams with your explanations. Thank you 🙏

[@diaraindiaacct2533]

Very well explained

[@tomsawyer6404]

Fantastic video, thank you! Question @ 7:15 - "..the capital gains can be completely absorbed by capital losses". Would this mean that previous years' CG losses are first deducted from the current year's CG gains and THEN discounted by a further 50% CG Tax streaming?

[@taxnuggetsacademy7553]

Yes that's right. Thanks! Check out more tax videos here www.taxnuggetsacademy.com.au

[@nickpower-fj9bu]

Except where asset has been held for less than 1 year.

[@slowestbullet]

Thanks for the explanation 😊

[@dee3606]

Thank you!! Great video and well explained :)

[@flexwingadventures]

Excellent presentation. thank you.

[@soundscapes_incTV]

Thank you so much for this video, it is very informative & really enjoying the ease of diagrams with your explanations. Can you please make more videos for Topic 1,2 & 3. Will truly appreciate. 👌👌👍👍

[@silverdaggers9914]

Helpful video, thank you.

[@jnann1966]

Very informative information. Perhaps if you can research more on asset protection in the unexpected event of insolvency or action by a creditor , how this can effect the trust and the trustee and directors . Regards

[@Eucapivara]

Amazing video

[@ComputerzenAu]

Great video cheers!

[@parisajavady6463]

Thank you so much

[@michaelbeech21]

Hi, this is a very useful info. the reason, I'm not using trust when buying investment properties us because if negative gearing. Can I do negative gearing inside trust. I'm considering buying the next one inside trust. Thanks

[@Vivian88749]

Very well explained. Thank you! :)

[@anilsjbd]

Nice video! Questions: 1) can one of beneficiary become trustee? If not, who can we hire to manage? 2) Is there any issue of having kids under 18 part of trust? Understand, max $416 can be distributed with no tax. Many thanks!

[@nadim1915]

How do you run a small business under a trust ?

[@habitsofhappiness667]

Great video, thanks.

[@DonT7]

great video !!!

[@Black_Kakari]

Thank you. Good video

[@usrxroy]

That phone drop should be how i put it away every morning 😂

[@arkonos4406]

Excellent video. Really valuable valuable learn more about how everyday people can keep more money in their pocket.

[@peterprocopio1274]

Thankyou for your video, it was well explained. I'm in a situation where i am leasing out a commercial property. The proposed tenants are corporate trustee's - can you explain the risk i face Thanks Peter

[@RoyalBlackandwhite]

What is a trustee directed product???

[@evolutionclouds]

Love this video!

[@daksh274]

Can you pls post video for hybide trust

[@nimodualeh6234]

Hi Would like to know if trustee becomes liable for a credit or a trustee is sued, are the assets in the trust still protected?

[@traymondaniels6281]

Great video!

[@sarasabery89]

Do you know if you sue someone that has a family trust, can you recover the losses? What if there is no money in their account? Means you can't go after their assets right?

[@stealthaccountants]

Can we have a video about Corporate trustee. Busing assets under corporate trustee and tax lodgement of corporate trust.

[@danieldias8974]

Hello, Can the trust retain all income and not pay any beneficiaries? Also if you have no one for a beneficiary no family no one to trust can the trustee be a company and the beneficiary yourself?

[@taxnuggetsacademy7553]

Generally if a trust retains its taxable profits at the end of the year and does not distribute it to any beneficiary, the trustee will be taxed at the highest marginal tax rate eg 47%. Corporate trustees are common with the controller of the trust being the director of the trustee company. Beneficiaries can be the controller. Though this may have implications for asset protection during marriage breakdowns. Hope this helps

[@shruthihebberalu9969]

Do you have anything for non family members forming trust

[@nairuz14]

What are some contemporary issues around taxation of trust?

[@onzbrau]

great video

[@richiem7716]

Can a trustee also be a beneficiary?

[@KoolBearify]

This was a great video!

[@potato7173]

Good vid

[@jacksonh634]

Is there an ongoing fee for discretionary trusts?

[@taxnuggetsacademy7553]

yes, it's one of the more complex types of structures. Accountants would typically charge a bit more than a company. there's more admin too like a year end trust distribution resolution and year end tax planning required to determine who to distribute the trust income to.

[@jacksonh634]

@@taxnuggetsacademy7553 Thanks for your reply! Would this answer still be the same if the trust is just set up and there's no income flowing into it just yet?

[@taxnuggetsacademy7553]

@@jacksonh634 should be cheaper if no income

[@lucyzhao8432]

Thank you for this video. It clearly explained the concepts. Now I have a basic understanding.

[@robertbaldwin5771]

Can foreigners set up a Trust in Aus?

[@taxnuggetsacademy7553]

FTEs noted

[@yewtubez]

re: privacy, couldnt people just do a equifax[company] search on the directors of a corporate trustee to find out the owners?

[@GFYYT11111]

Q: love to see a video on disability trust pls Great content, thanks for sharing 💚🌍

[@govga504]

I have a question

[@row0111]

3:10 I see what you did there lol

[@sophiehayes5882]

If you set up your business as a trust instead of a company do you require an ABN still?

[@taxnuggetsacademy7553]

Yup!

[@itzdimple]

Family trust elections please

[@3APNHA]

I've seen comments about this video being funny but I'm pretty sure this was just informative and there weren't any jokes... not sure what's funny. Anyway great video

[@leozhao175]

How to minimums the tax when passing the trust to next generation?

[@aprilleonordeasis3427]

Interested about Trust Accounting

[@taxnuggetsacademy7553]

Noted!

[@johnhedge1429]

It was the worst decision I ever made to create a family trust with the proceeds left to me from the family court. The only reason I did it, I was advised at the time, to safeguard my remaining assets for me and my children if I ever married again. All that money was put to buying a family home which I and my children lived in for 24 years. When I sold it I was up for a huge CGT bill.

[@nickkucic9323]

I'm confused, didn't you only pay CGT of 50% because you owned the property for more than 1 year?

[@kirakira1981]

@@nickkucic9323PPOR tax free does not apply to trusts. That’s where he got screwed.

[@anthonyreed480]

Love it how you gave the example of a "pretty boy" gold-digger, as if we don't all know that 99% of the time it's a female digger lol.

[@v_DICE_v]

And dad staying home to look after the kids lol.

[@anonanon7278]

Great video, except for the mysandry.

[@rethinkscience8454]

You mist the largest trust of all and that’s our name in capital letters, it’s a trust and it’s been traded without the living trustee,s knowledge.

[@draghos3810]

I have a few properties and would like to know what is the easiest way to start a trust also will l have to pay stamp duty to start the trust

[@gabriel3.16]

Labor did win. Great video. Can’t stand Labor

[@HASSANDARU]

Keep voting liberal and you wont have medicare completely. You can check how many medical tests, procedures they removed in their time making insurance pretty much mandatory for old folks. I am no fan of labor but liberal is worse.

[@anthonyonline4740]

Why do you keep saying rich folks? Define "rich". It's pretty judgemental. I'm not rich but i think the structure would be appropriate for me. I'm not offended, but it just seems really immature.

[@willhatch4667]

What a weird Interpretation karen. If you were offended, no one would care.

[@anthonyonline4740]

​@@willhatch4667 I'm so glad you took the time to write to me. Please be advised that my name isn't Karen. Also, I love to be told that I'm rich. Sometimes I sit in my bathtub with thousands of $100 notes and swim in them. I'm not offended. Please advice actually, don't call me by name name, or Karen, please call me Mr mc Rich Rich you poor poor trollop.

[@willhatch4667]

@@anthonyonline4740 that's pretty judgemental 😂

[@anthonyonline4740]

@@willhatch4667 I like that's you laughed. I hope you have a fantastic day.

[@scottmaxwell1927]

I'm falling asleep here.

[@ChargeCity]

This video is very politically correct, bordering on woke

[@suz5862]

How so?

[@Spacem3]

Right, so trusts are just so rich people can do dodgy things and avoid tax. What a rort

[@scottmenhennet9933]

You don't have to be rich to have a trust and want to protect what assets you do have. You are just being a pessimist blaming others. Nothing is stopping you from using a trust

[@Spacem3]

@scottmenhennet9933 idk, seems like people without assets wouldn't really need a trust to protect them. Trusts sound like they're just a tax loophole to be exploited

[@farkitupdaklaker9288]

The man is the gold digger huh ?

[@gandalf2256]

Why did you make the family brown? Not cool

[@BrunnanG]

Thank you

[@BravoCharlie]

Great video, thanks