My name is ***** ***** I am a NSW Solicitor. Thank you for your question, and will do my best to assist you with your question. Please understand this is not legal advise Please understand this is not legal advise but a guide to assist you.
If you increase the beneficiaries in the trust you will be up for stamp duty on the full value of the trust and it is on the value of its assets.
You cannot increase the beneficiaries it will cost you money.
SMSF have special rules and you will need to see a SMSF specialist accountant about this. I personally do not believe an SMSF can be a beneficiary in a family trust.
You should not be doing this on your own. The slightest mistake will cost you tax and possible penalties. Once established you cannot change it without costs. The costs can be quite high.
You need an accountant to assist with the structure and the establishment of the trust.
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