Setting up a Family Trust on the Cheap

Written By Guest User

Hi Scott,

Do I need to pay my accountant to set-up a Family Trust and a Bucket Company (fees circa $500), or is it relatively easy to do myself? If you suggest doing it myself, what are the pitfalls?

Andrew

Hi Andrew,

You could do surgery on your dog by watching a few Youtube videos, but I wouldn’t recommend it. I’m joking of course (but not about the dog). I’d want good asset structuring advice from an experienced accountant. As part of the conversation, tell them you can set up simple bucket company and family trust via a website. Quote the fees, and ask them how much they charge to do the same thing.

Scott

Guest User
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Thank-you Barefoot!
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