Hi
I hoping someone can help me with this, Ive completed a search for the answer but couldnt find a post with the exact info I was looking for so here goes.
I have a Family Discretionary trust (not HDT) I want to borrow money to purchase a property to be held by the trust, do I
1) use my name only on the bank application? or use my name ATF xxfamily trust?
If I use my name only on the application and the Title is in ATF will this create tax issues later on?
2) Should all other legal documents should be signed as Wazza ATF xxx family trust?
I appreciate any advice
I hoping someone can help me with this, Ive completed a search for the answer but couldnt find a post with the exact info I was looking for so here goes.
I have a Family Discretionary trust (not HDT) I want to borrow money to purchase a property to be held by the trust, do I
1) use my name only on the bank application? or use my name ATF xxfamily trust?
If I use my name only on the application and the Title is in ATF will this create tax issues later on?
2) Should all other legal documents should be signed as Wazza ATF xxx family trust?
I appreciate any advice