[Verse 1] When wealth accumulation starts to grow And tax bills make your profits feel so slow There's a structure that can help you plan ahead Family trust arrangements, smartly led The settlor transfers assets to the trust While trustees manage what they must Beneficiaries wait to receive their share Income and capital with proper care [Chorus] Trust the structure, plan the flow Income splitting helps wealth grow Capital gains can be deferred Discretionary powers, every word Family trust, tax planning key Preserve wealth for family Attribution rules to navigate Smart distributions calculate [Verse 2] Discretionary trusts give flexibility Trustees choose who gets the money free Income can flow to lower tax brackets Spouse and children, strategic packets But watch the attribution rules apply Twenty-one year rule, time will fly Principal residence exemption stays Capital gains, there are better ways [Chorus] Trust the structure, plan the flow Income splitting helps wealth grow Capital gains can be deferred Discretionary powers, every word Family trust, tax planning key Preserve wealth for family Attribution rules to navigate Smart distributions calculate [Bridge] Preferred beneficiaries get first call Income tested benefits won't fall Kids under eighteen face the tax But business income fills the cracks Kiddie tax won't apply to that Corporate distributions where it's at [Verse 3] Trust distributions must be reasonable Benefit test makes it defensible Income earned inside the trust Gets taxed at highest rates, a must So flow it out by year-end date Don't let taxation escalate Estate freeze techniques work so well Freeze the value, let growth swell [Chorus] Trust the structure, plan the flow Income splitting helps wealth grow Capital gains can be deferred Discretionary powers, every word Family trust, tax planning key Preserve wealth for family Attribution rules to navigate Smart distributions calculate [Outro] Professional advice you'll always need Tax planning laws are complex indeed Family trusts when structured right Keep your tax burden burning bright But burning low, not burning high Wealth preservation, that's the why
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