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  1. M

    BulletProof Asset Protection and Ed BURTON

    Seems he was becoming a bit of a spruiker. http://www.smh.com.au/articles/2004/04/11/1081621836078.html And running foul of Jenman http://www.jenman.com.au/NewsQuestions1.php?id=209 http://www.jenman.com.au/NewsNews1.php?id=224 His websites don't work anymore either.
  2. M

    BulletProof Asset Protection and Ed BURTON

    Suing an asset protection specialist? That sounds like an exercise in futility.
  3. M

    BulletProof Asset Protection and Ed BURTON

    I recognised that in Fact 4, but a lawyer would want to keep it simple and stupid by looking at actual values without going into the nitty gritty. They could most likely argue for more since the market value of the units may be higher but may not want to. Not likely. If the trust was being...
  4. M

    BulletProof Asset Protection and Ed BURTON

    If I was a lawyer for the suing party, I would go into court and say FACT 1 - The bankrupt paid $300,000 for these units. FACT 2 - The rental income from this property has increased in yield by 30% since it was purchased. Thus the value of the units has increased in value over and above...
  5. M

    BulletProof Asset Protection and Ed BURTON

    More problems with valuing Income units Another thing about HDTs I might just throw out there is about the redemption of the income units. Now if I make an error here, let me know. I imagine that with a HDT that a lender making funds available to purchase the units (and thus the house)...
  6. M

    BulletProof Asset Protection and Ed BURTON

    I agree with CoastyMike. I usually draw a diagram when people come in to ask me about Asset Protection. It goes like this. Full---------------------------------Accounting Fee, Asset --------------------------------Cash and Tax Protection ----------------------------------Savings...
  7. M

    BulletProof Asset Protection and Ed BURTON

    I know the facts of the case with DTs and HDTs, but what I am asking is that if *DTs can't distribute losses but are great for asset protection purposes; and *HDTs allow you to claim losses but create an asset and a loan which attract attention, then what do you do? Do you have an...
  8. M

    BulletProof Asset Protection and Ed BURTON

    If a HDT can't be set up to allow someone to gain the tax benefits of negative gearing in order to maximise asset protection, then how would a normal salary and wage earner go about getting those negative gearing benefits? Or are they sacrificed / carried forward in a DT in order to obtain...
  9. M

    BulletProof Asset Protection and Ed BURTON

    Bulletproof Asset Protection seems a bit bold. The only way I know to have full asset protection is to send around hitmen the moment someone sues your asset caches and take them out before it proceeds further. Not that I know anyone who does that mind you.
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