What are custody trusts and why do we like them? A Custody Trust is a legal document which is used to allow an SMSF to borrow money from a bank.
Every business owner should consider using a family trust. Family trusts can be great vehicles through which to run your business, maximizing flexibility – especially with regard to tax and succession planning. They can also be great ways to create and preserve wealth away from your business, providing wonderful protection for you and your loved ones in case something goes wrong financially.