I'm starting to think for the longer term (I.e. in 10-15 years), what's the best way to transfer IPs to my children? The kids are currently young, but I want to plan for them in the longer term. We've got a decent portfolio and want to provide them with 1 or 2 unencumbered IPs each when they reach adulthood. Is there a structure that we can set up now, or do we just wait until the time comes? Current IPs are spread between my name, wife's name, joint and family trust, all in 1 state. Current thoughts are to set up a trust for each kid. Transfer IPs now to the trusts (take a short term hit on stamp duty). We still control the Pty Ltd company as trustree for each trust. When the time comes, then transfer control of the trust to the kids. The annual trust compliance costs and initial stamp duty costs might be offset by the reduction in annual land tax. Keen to get some thoughts before I talk to my accountant and get charged for every minute.