Using A Discretionary Family Trust To Income Split Your Investment Portfolio With Spouses And Children Of Any Age

I commonly hear the same refrain from family, friends and clients: it costs a lot to raise children these days. There is a seemingly endless list of activities to fund, pieces of equipment to buy, medical expenses to cover, and educational payments, such as private school tuition, to pony up. Many of my friends feel like glorified ATMs that also have carpooling duties and high cholesterol levels. Although it may not always be possible to reduce these expenses directly, it may be possible to...