The ‘massive’ tax exposure your family trust may be missing

Family trust formation began to gain moment in the post WWII boom and really took off in the aggressive tax planning era of the 1970s.

Today there are believed to be as many as a million in Australia, although there are no official numbers. But, in most cases, family trusts don’t last forever and in the coming years and decades many will expire, triggering massive capital gains tax bills.