Ownership of family wealth

However, for a family with a very long term view of wealth accumulation and transfer, the unlimited life of a company may hold more appeal than the 80 year limit placed on trusts.Finally, tax efficiency would appear to rule out direct ownership of long term wealth. But this is not necessarily the case if, for example, tax deductible debt is used to finance wealth accumulation.Negative gearing by top marginal tax rate paying individuals can be a tax advantageous way to accumulate wealth. And in specific circumstances, negative gearing may provide the opportunity to transfer income from a high tax paying, investment owning individual to a low tax paying entity (e.g. non-working spouse, family trust) without incurring the additional risk normally associated with borrowing.There is noone size fits all …Although we have just skimmed the surface here, it should be clear that choice of wealth holding structure is not a straightforward decision.You need to be very clear about what you are trying to achieve, long term. What is most important to you – tax effectiveness, asset protection, estate planning, flexibility, administrative ease and/or cost? Usually, a blend of structures is appropriate to balance these competing objectives.Although the structure choice may be complex, the decision to obtain appropriate advice should be easy. If you are likely to accumulate meaningful wealth over your lifetime, comprehensive professional advice obtained as early as possible will, almost certainly, pay for itself many times over.About the Author:Wealth Foundations is an independently owned personal financial advisory firm that offers wealth management and strategic financial planning services.

Pages: 1 2 [3] 4

Miran comment`s:

Selection of texts is correct, add site to your favorites.

25.03.2010

Add comment:

Name:
Sait link:	http://
Your message:
Enter today\\\\'s date, 2 digits (spam protection):

News Affiliate Marketer Defined Affiliate Marketer DefinedAuthor: Hype Marketing Affiliate Marketer Defined According to The World’s Glossary of Internet Terms, “Affiliate Marketer is defined as: “A business relationship with a merchant or other service provider who allows you to link to that business. When a visitor clicks on the link at your site and subsequently makes a purchase from the merchant, you receive a commission based on the amount of the sale, a referral fee or a pay-for-click fee.

Popular Why Hurrying into Dating Relationships might slow You Down Why Hurrying into Dating Relationships might slow You DownAuthor: Francis GithinjiIn the real world in our society today, the need to fall in love and begin dating relationships that will fulfill the void for lasting love within us is very rife in us. This comes after an anticipation of the fact that all will be right and every date we go to will surely be the one that will bring that ‘someone’ into our lives.