This easy-to-understand guide will help ordinary Australian families create wealth by arranging their financial affairs in better ways, taking into account current conditions and their own particular circumstances. It will first enable them to decide whether to set up a family trust by explaining the advantages and disadvantages of this useful legal concept.

It will certainly help to ensure that they are better informed when they come to discuss the issue with their professional advisers.

All aspects of setting up and running a family trust are dealt with including taxation and social security rules affecting trusts and their beneficiaries. The book discusses trust deeds and the roles of the settlor and trustees. It examines discretionary trusts and unitised trusts and analyses the principal alternatives to family trusts.

Even if a trust starts off small it could grow over time to handle quite large sums. Getting things right the first time is clearly very important, and the crucial question Can anything go wrong? is dealt with. Two other topical subjects explored are possible tax changes and the use of trusts for children with a disability. A glossary and detailed index are included.

Contents include:
* The concept of a trust
* Modern family trusts
* Advantages
* Disadvantages
* Types of trustee
* The trustee
* The trust deed
* Discretionary trusts
* Unitised family trusts
* Administrative aspects
* Investment principles
* Investment categories
* Income tax
* Capital gains tax
* The taxation of discretionary trusts
* The taxation of unitised trusts
* Other tax issues
* Social security
* Alternatives to family trusts
* Trusts for children with a disability * Estate planning