22 May 2020 - Trust Distributions with Michael Jeffriess

We are coming up to 30 June and apart from tax planning it means that trust distributions are all important. If you don't distribute with a formal distribution resolution by 30 June any discretionary trust is taxed at 47%.

But not all trust distribution minutes are the same and the days of doing had written or word document minutes is over - too time consuming, easy to make a mistake and let's face it not professional looking.

In this video, LightYear Docs and I Love Accounting's companies, trust tax and accounting guru Michael Jeffriess covers the legalities and tax strategies required to make the most of any distribution. And don't forget a distribution from a discretionary trust to a SMSF should not be ruled out plus the bucket company.

And when completing the trust distributions it is time to clean up unpaid present entitlements - both past and current with a Deed of Gift of UPEs. Watch Michael effortlessly produce trust distribution minutes and for any adult children, deeds of gift.

PLUS a super special strategy, in fact a must do for trading trusts to ensure asset protection.

30 June Trust Distributions