Recent content by paradox

Good to see this thread reactivated! :) It is great to see Stu bringing in his point of view. The following is just some of my layperson thinking apparently heavily influenced by all the previous posts. I think what Bill and the others have proposed here is that they would rather be more...

Bias? Of course But... I think none of us can be completely free of bias with our opinion depending on our own area of expertise. Yet I believe that most posters on this forum do genuinely try to offer help with the best of their knowledge. Of course, we should always listen to any comment...

Hi James! Good to see ya here too. (albeit a bit embarrassed) :D I am still a bit confused regarding how liable the trust/trustee is when sued by say a tenant. As posted by NigelW in an earlier post: "2) In your position as a landlord, if someone is injured in connection with one of...

Too late... cannot edit my post earlier. The account is really only a newsletter subscription anyway and there are no important info in it.

Wah Hahahhahahaahahaaahahaha!!!!!! Sorry James... being a bit too touchy back there... I have seen how unfairly some of the newbies have been treated as posters or solicitors for their business here and in other forums.... so I thought you were going to ban me somehow from logging in HERE...

Alzheimer's? I remember this letter I receive nearly 2 years ago but not what I had for breakfast! :eek:

Found it! The letter was sent to me in 2003 by a Gold Coast Lawyer. The procedure is as YH2000 had stated, and the followings are mostly copied or summarised from the letter: You set up a trust with yourself as the trustee(or setup a company as a trustee) You gift an amount of capital...

Hey James! :D Never imagine someone would actually think I am linked to Ed or maybe even his altered ego by posting the link! Chan is a LOT more common than you think!!! Much much more than Smith. In fact as Chinese, we do not think of it as being "common" but rather a "BIG" Surname as...

Salsa: I believe what you are trying to do is to try an save some tax on your personal side and retain the difference in interest rate in the trust where you can distribute it according to your situation or wish, is that correct? It would be similar to a service trust kind of arrangement...

Thanks GP for the reply. That has been my suspicion all this time. Yet it appears that most posts on the forum are more concerned about protecting any PPOR or IP in personal name but not as worried about having numerous IP within a trust. I often see lots of worry regarding one single PPOR...

I have just started to look into all this asset protection arrangement and am I confused! :confused: To my understanding, if I set up a trust for my IP: -If I am sued personally, the asset in my trust including the IP's would be protected. -If the trust is sued and I have a company set up...

Link to info Just received newsletter from a Sydney accounting group with link to their website with info on whether interest is deductible against personal income should the loan is held in the trust name. http://www.chan-naylor.com.au/?w1Z1K&9PFh&jTs&6xI&cr&eVh&ch No recommendation is...

I do remember receiving a business soliciting letter from some accounting firm mentioning the strategy that you are talking about here. Will try to look it up and if successful will post back here.

Completely in awe and speechless. Is this actually possible?! Shayne! If you can recruit Iggy when he gets to Brisbane, I will join up with AFL immediately!!!!!!

Hi Iggy! Good to see you again! Yes, it sure was great to have the many responses from the likes of Aceducey and Shayne. I have been most impressed. Of course there are many paths to success. Been trying my hands in share investing and trading(a dangerous mix), to just buying and holding...