Trust/Company vs in your own name

[Kamak]

Another question from me that might have an obvious answer but something I need some help on.

I have a relatively high wage and have 3 properties that are neg geared. I am now looking well into the future and am wondering what is the best way to structure everything.

Based upon
Buying some cash flow +ve places
Buying some more neg geared
(Hoping to offset one and the other to some extent, although remembering they will al end up +ve at some stage)
The odd flip when it can be done
Building wealth through buy and hold

My current and shallow understanding is that the cash flow +ve properties and any flips should go via a trust then comapny or is it vicer versa (?) but am wondering as I am single if a trust is the way to go.

Has anyone got an opinion or some references I should be reading?

Thanks.

[NigelW]

Another question from me that might have an obvious answer but something I need some help on.

I have a relatively high wage and have 3 properties that are neg geared. I am now looking well into the future and am wondering what is the best way to structure everything.

Based upon
Buying some cash flow +ve places
Buying some more neg geared
(Hoping to offset one and the other to some extent, although remembering they will al end up +ve at some stage)
The odd flip when it can be done
Building wealth through buy and hold

My current and shallow understanding is that the cash flow +ve properties and any flips should go via a trust then comapny or is it vicer versa (?) but am wondering as I am single if a trust is the way to go.

Has anyone got an opinion or some references I should be reading?

Thanks.

Dale has an excellent book on the issue "Trusts Magic" - get it from www.gatherumgoss.com.au

Will you always be single? ;)

But discretionary trusts are not just about income splitting, what about protecting your ASSets?

Structures to consider include discretionary trust with company as trustee and perhaps a hybrid discretionary trust (search for both those terms to find some good posts about each and their pros and cons)

To steal shamelessly from Stephen Covey begin with the end in mind... how do the wealthy own and control their assets - using trusts...

I'd suggest you search for previous posts on structuring (there's a few by DaleGG, NickM and me too :rolleyes: )

You should also talk to a good accountant about your options - DGG and NM on this forum are two great ones - don't be limited by your geography...

Cheers
N.

[RPI]

Hi kamak

Renton's book on Trusts is very good as are Dale Gatherum-Goss's Trust Magic, and, Tax Battles

Darryl

[geoffw]

Darryl

I never managed to get through Renton's book.

Cold porridge springs to mind.

[Ecogirl]

Kamak
If you're a guy and have two feet and a heart beat either wish-ga or myself may be able to help you out with the being single problem ;) as NigelW said don't be limted by your geography....

Seriously though, I have just set up a HDT with a corporate trustee through DaleGG for my next acqusition - highly recommended for asset protection. Great for me b'cos I have a high income (the ATO thinks so anyway) and will be buying houses that are neg geared.

Happy reading
Ecogirl

[GreatPig]

I never managed to get through Renton's book.
Certainly more formally written than Dale's book, and almost nothing on hybrid trusts, but I thought it had a lot of good information.

Plus the latest edition is only a few months old.

GP

[NigelW]

Certainly more formally written than Dale's book, and almost nothing on hybrid trusts, but I thought it had a lot of good information.

Plus the latest edition is only a few months old.

GP

Renton has been around forever and he knows his stuff IMHO. The only problem is that his book is about as exciting as chewing cardboard... :D

Dale's book is a far better read and more focused for the property investor...

my 2.2cents worth
N.

[austini]

LOL,

Well said Nigel.

I first read Renton's book (a number of times) and found it a horrible read. Go for Dale's Trust Magic as it is significantly easier to read and gets straight to the point. Renton's also doesn't touch on some of the critical topics like Hybrid Disc Trusts.

Cheers - Gordon

[geoffw]

Renton's also doesn't touch on some of the critical topics like Hybrid Disc Trusts.Probably because they are a fairly new animal.

[austini]

Actually HDTs have been around for ages but not well publicised.

Cheers - Gordon

[Kamak]

Eco girl. Thanks for the offer. Not sure if your title pertains to an occupation but I am environmental scientist in a similar position, with a heart beat for that matter too. Feet on the ground, aiming high.

Will be speaking with my beanie today about HDT.

Thanks guys.