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A Family Trust or (discretionary trust) is set up to hold a family's assets or to conduct a family business.
Family Trust are generally established by a family member for the benefit of members of the 'family group'
• Can be afforded certain tax advantages,
• Can assist in protecting the family group's assets from the liabilities of one or more of the family members
• Provides a mechanism to pass family assets to future generations.
• Can provide a means of accessing favourable taxation treatment by ensuring all family members use their income    tax "tax-free thresholds".
• A family trust has many other potential benefits, including avoiding issues such as challenges to the will following a death of a senior member of the family.

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