Hey there everyone,
I wanted to find out what is the best method for asset protection. I'm thinking of stepping into the market in the near future, however, i want to structure myself in the best possible way from a number of perspectives:
a) Tax minimisation strategies
b) Litigation
c) Marriage asset separation
I am self employed and am thinking that a trust structure might be best?
So i establish a trust, which acquires property and accumulates debt in regards to these properties. My company would pay me a base wage, whilst also distributing income to the trust to service its liabilities and potentially disburse to family, ie brother, mother etc
In regards to the trust structure, would i be the trustee or should i appoint another?
Thank you in advance for your input.
I wanted to find out what is the best method for asset protection. I'm thinking of stepping into the market in the near future, however, i want to structure myself in the best possible way from a number of perspectives:
a) Tax minimisation strategies
b) Litigation
c) Marriage asset separation
I am self employed and am thinking that a trust structure might be best?
So i establish a trust, which acquires property and accumulates debt in regards to these properties. My company would pay me a base wage, whilst also distributing income to the trust to service its liabilities and potentially disburse to family, ie brother, mother etc
In regards to the trust structure, would i be the trustee or should i appoint another?
Thank you in advance for your input.