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  1. C

    Gifting money into family trust

    Thank you for the comments. Re: asset protection in the trust it was in relation to my occupation, if I was to be sued then assets in my personal name would be exposed. Yes, I wasn't expecting the accountant to answer the legal questions re: settlors but he had organised the lawyer to draw...
  2. C

    Gifting money into family trust

    Thank you everyone for posting such valuable points. I have met with my accountant and to be honest he wasn't as informative as the responses you have provided. But maybe I'm expecting too much. In a nutshell, he suggested 1. If planning to live in new home as PPR then buy in personal...
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    Gifting money into family trust

    Thank you again for your comments. Thank you also for the comments re: tax deductibility.
  4. C

    Gifting money into family trust

    Beneficiary On lending to a family trust Re: Tax deductibility if my parents are going to help: one other proposal is 1. for my parents to borrow money from overseas using their overseas home as security 2. they onlend to the family trust with a formal loan document, so the family trust...
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    Gifting money into family trust

    Thank you very much Terry and Paul for your comments and things to consider. This is what I have learned so far and hopefully is correct so others in my situation might find helpful background info: 1. I have sat down and read the trust deed again. The Excluded beneficiary does not have a...
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    Gifting money into family trust

    Hi, thank you for reading my long post and questions. We set up a discretionary family trust a few years ago to purchase an IP apartment, for asset protection. We have "gifted" on 4 occasions some money to the trust offset account to help reduce the loss in the trust as we can not negatively...
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