FICs are a solution primarily aimed at family wealth preservation. Until 2006 the usual strategy to preserve family wealth would have been the trust, but tax changes since 2006 have made the use of a trust less attractive.
What is a FIC and why are they gaining in popularity?
Graeme Blair - Partner - gblair@goodmanjones.com
Posted on 21st April 2021
Updated on 17th August 2023
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