[Verse 1] When family wealth grows beyond one name Trust structures shelter future generations' claims Settlor creates the vessel, transfers assets in Trustees hold the keys while beneficiaries win [Chorus] Family trusts divide and multiply Income splits, tax rates simplify Discretionary powers, capital preserved S-T-I-C-K the plan, benefits served Settlor, Trustee, Income, Capital, Kin [Verse 2] Primary beneficiaries get first dibs on flow Remainder interests wait for trust to close Income distributed spreads the tax burden wide Lower marginal rates on each family side [Chorus] Family trusts divide and multiply Income splits, tax rates simplify Discretionary powers, capital preserved S-T-I-C-K the plan, benefits served Settlor, Trustee, Income, Capital, Kin [Bridge] Attribution rules bite back if you're not careful Kiddie tax hits minors, makes planning artful Twenty-one year deemed disposition lurks ahead Principal residence exemption keeps the roof overhead [Verse 3] Capital gains crystallize inside the trust Income tax returns filed annually, a must Preferred beneficiary elections optimize Spousal trusts defer until the spouse's demise [Chorus] Family trusts divide and multiply Income splits, tax rates simplify Discretionary powers, capital preserved S-T-I-C-K the plan, benefits served Settlor, Trustee, Income, Capital, Kin [Outro] Trust deed drafted tight, provisions crystal clear Tax planning dynasty spanning many years
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