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  1. Terry_w

    Help understand trusts before I seek advice

    Double check what? Are you going to go into the non lawyers office and say are you sure this is right? He will say 'yes I am sure'! You can then ask him if he is breaching the relevant legal professional act by giving legal advice without holding a practicing certificate. Will his insurance...
  2. Terry_w

    Help understand trusts before I seek advice

    This is clearly legal advice and something a financial planner would have little knowledge of and not be qualifiedd to advise on. You could be structuring incorrectly...
  3. Terry_w

    Help understand trusts before I seek advice

    What sort of advisor? How can a director be sued?
  4. Terry_w

    Help understand trusts before I seek advice

    Generally it is the same process as an individual applying, but having the trust allows for flexibility by changing the person who guarantees the loan. e.g. Dad is director of trustee company. Trust buys a property. Heaps of equity builds up. Dad suffers a credit default, and the trust...
  5. Terry_w

    Help understand trusts before I seek advice

    And I should add there are many strategies utlising a trust where real property is not actually owned by the trust.
  6. Terry_w

    Help understand trusts before I seek advice

    Then asset protection should be considered well in advance.
  7. Terry_w

    Help understand trusts before I seek advice

    Not much of a drawback if you are self employed as income can be diverted tot he trust to offset the loss.
  8. Terry_w

    Help understand trusts before I seek advice

    Financings is generally no harder, in fact it can be easier. Land tax will depend on the state and the overall picture. Person A with no investment property would get a $412,000 threshold in NSW but a trust wouldn't. So a trust will cost more in this instance if it owns property in NSW v...
  9. Terry_w

    Help understand trusts before I seek advice

    nope.............
  10. Terry_w

    Help understand trusts before I seek advice

    Firstly, a financial advisor wouldn't be able to assist. Only lawyers can give advice on trusts and tax agents on the tax aspects. Financial advisers are not qualified or licensed to advise. A trust is a relationship between A and B, not a structure. 1. maybe. This is impossible to answer...
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