Search results

Let me go through this more. Upon death the deceased can no longer deal with their property – obviously. But the affairs of the deceased need to be taken care of with bills paid, loans called in, tax returns done and property transferred according to the will or intestacy rules. The person...

And the trustee wouldn't be necessarily 'stealing' the assets but legally distributing to themselves or associated. Are you an accountant?

hmm. s 44 Probate and Adminstration Act See the bit in bold above. Before the grant the estate does not vest in the executor/administrator.

Hi Thunder Who advised on the PPOR set up? This will provide very little asset protection because you are basically acting as trustee for your husband. Having him on the mortgage destroys any little protection there was. I guess you may not have been working at the time and couldn’t qualify...

Or even nil stamp duty if the property is in NSW and the laws are changed on 1 July as announced.

Sort of. Losses are still trapped in the trust. But if the individual borrows to buy the income producing units they may be able to claim a deduction themselves. ie against their personal income.

Hold on! What is a HH income? What is LVI? I am concerned by: Mortgage for PPOR in both names What does this mean? How is your trust structured? How is the corporate trustee structured? Bank manager saying redraw first is a concern - redraw for what? Do you have testamentary...