Reply: 2.1.1.1
From: Waverly Bay
Thanks Always learning... great to see someone getting the ball rolling on this.... BUT...
My big question (tongue-in-cheek of course !) is : ...do YOU "own" the IPs?
1) Or are you legally holding them as tennants in common, in partnership or indirectly as a shareholder? If so, what is the percentage of your interest in these holding structures?
2) Or does your trust own the IPs outright? If so, what is your % legal and beneficial interest direct and indirect in the corporate trustee (assuming the trust holding the property is discretionary)?
3) Or do you "own" the property as a wrappee under a deferred settlement - your interest in the property being purely a "beneficial interest" until such time as the legal title is transferred to you by the wrappor?
4) I assume the IPs you refer to are located in Australia.
5) I assume the IPs you refer to are currently not the subject of any disputes involving court orders (eg Family Court !!!) or worst, not the subject of bankruptcy proceedings - and that if you have full ownership of your IPs, your rights over the IPs are not restricted in anyway by these types of proceedings.
6) I assume the IPs are registered in your name or an entity to which you fully control - ie the IPs are not merely anticipated to come into your possession at some later date by way of probate.
* * * *
Hmmmm - so how many IPs do people own on this forum? Hmmmmm - not sure if such a question really is "a bit of fun" to answer ! !
Its late - and i have a kid to feed !
Cheers
Waverly