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How to Set Up a Trust for a Child: 13 Steps (with Pictures) - WikiHow
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WebFeb 24, 2024 · The ATO now says arrangements whereby trust income is notionally distributed to those children but retained by the parents or used to pay amounts properly … WebJul 17, 2024 · The most common ongoing distribution rules when creating trusts for children include: A distribution of income. (Although we recommend that this start at age … WebMar 26, 2016 · Distribution ages may start as early as age 21, but age 25 or 30 is far more common. Principal is commonly distributed in shares at five-year intervals, so that a … how a water tower is built