Question:
How can trust funds be used to minimise tax?

Answer:
A Family Trust is a Trust created for the benefit of the family of a specific person or couple. A Family Trust is a separate legal entity like a company. It must have its own IRD number and file income tax returns if it earns income. It is created by signing a document called a Deed of Trust.

A Trust is created when a person gives property to another person upon trust for the benefit of someone else. The Trust is the obligation under which the person having control of the property (called the Trustee) is bound to deal with it for the benefit of someone else (called the Beneficiary).

A simple example of a Trust is when a client gives me money to complete the purchase of a house. I must bank the money into my Solicitor's Trust Account. I am bound by a Trust to use the money>==============================…
This bigpond website talks about a book called
Family Trusts
A plain English Guide for Australian Families of average Means
by N E Renton (Wrightbooks, Second Edition, 2001)

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