Discretionary Trusts as a Business Entity: Benefits, Drawbacks, and Who Should Use Them

Ever heard the phrase "own nothing, control everything"? In this video, Amor De Libasic breaks down the powerful legal structure known as the Discretionary Trust (or Family Trust). Discover how separating "legal ownership" from "control" can protect your family’s assets from lawsuits and allow you to distribute income in the most tax-effective way possible. 📘 Learn more at WealthLine Academy: https://ac.wealthline.com.au/ Claim your FREE Financial Strategy Session (Valued at $497): 👉 https://www.wealthline.com.au 0:00 Introduction & What Is a Discretionary Trust 1:37 Key Roles: The Settlor 2:03 Key Roles: The Trustee 2:22 Key Roles: The Appointer 2:54 Key Roles: The Beneficiary 3:27 Advantages: Tax Planning, Asset Protection, Flexibility & Succession 4:17 Drawbacks: Cost, Complexity & Compliance Risks 5:06 Who Should Use a Discretionary Trust? 5:58 Final Advice: Get Professional Advice & Review Regularly 📲 Follow Us: Instagram → / wealthline_au X → https://x.com/WealthLine_AU General Advice Warning: The information in this video is provided by Wealth Line Advisory Services Pty Ltd, AFSL 514156. It is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether the information is appropriate for you and seek personal financial advice before making any decisions. The content is current at the time of recording, but laws and circumstances may change. Please ensure you check for up-to-date information before acting. Past performance is not a reliable indicator of future performance.