Search results

Contracts. You can each contract not to take the other's property -binding finanical agreements.

Depends on the state the property is located in and the date. Transferring units to a DT for property located in NSW will mean the land tax will be payable from the next assessment date - new years eve. Unit trusts get no threhold in NSW, but a unit holder of a fixed unit trust can get the...

Using a Unit Trust is a good idea for 2 reasons: 1. Flexibility 2. Allows some equity to build up and then the units could be sold to a discretionary trust which could borrow to buy. Proceeds could be used to pay down the PPOR debt and the interest deductible. If units sold at market...

yes, but not sole beneficiary. open class. Yes the assets will be well protected if the individual were to become bankrupt - but read the deed. With many deeds entering bankruptcy triggers the removal of the person as appointor (as an added safety measure). Who could take this role, if...

Asset protection will also depend on the terms of the trust. You wouldn't be the sole beneficiary, but one of many potential beneficiaries. There could be parents, neices, nephews, companies, trusts etc There are 4 types of discretionary trusts and if you had an open class trust - future...

The alter ego argument was used in Smith v Public trustee NSWSC case from a few years ago. Basically a Dr left a house in her will to a charity - except she didn't own the house. It was owned by a company as trustee for a discretionary trust. She was the sole director of the trustee and sole...