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  1. Terry_w

    Asset Protection Tips

    Excellent. That is what I like to hear.;)
  2. Terry_w

    Asset Protection Tips

    Not sure what you are getting at??? If the company contracts it can be sued. Sharholders cannot be sued unless they give a personal guarantee. Directors are generally not able to be sued unless they break the law or cause the company to break the law = OHS issues, insolvent trading etc...
  3. Terry_w

    Asset Protection Tips

    Insurances won't cover criminal acts.
  4. Terry_w

    Asset Protection Tips

    You are wrong, or maybe partially correct if you are sued for negligence - you may be covered. But you also may not be covered. e.g if you are a lawyer and inadvertantly give financial advice to a client and they suffer a loss. Your lawcover insurance would not cover you for non legal advice...
  5. Terry_w

    Asset Protection Tips

    I would generally think the opposite. Better to buy in one name only with one name on the loan. If the both spouses are on the loan then the asset protection halves as they are both liable for the debt. Of course the best way to own would be via a discretionary trust, however this is not...
  6. Terry_w

    Asset Protection Tips

    This is just a brief explanation of the ways to structure the purchase of a property. I have been writing a book on asset protection and have over 250 strategies/tips for things to consider - so far. I might make a few different threads with different things to consider.
  7. Terry_w

    Asset Protection Tips

    Here is a tip for young players. When purchasing property consider the 'structure' of the ownership of the property and the short term and long term asset protection issues. structure doesn't necessarily mean ownership via a trust structure. When a couple are purchasing property they...
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