BulletProof Asset Protection and Ed BURTON

and if it's held in trust or company structure then you don't get the $300k (or thereabouts) threshold, i believe.
 
So is this now the situation in NSW:

property outside trust: land tax threshold at 300k

property inside trust: land tax rate is 1.7% of the land value. no tax free threshold
 
House_Keeper said:
So is this now the situation in NSW:

property outside trust: land tax threshold at 300k

property inside trust: land tax rate is 1.7% of the land value. no tax free threshold
That's my understanding. :( :mad:
 
1.4% (or 1.7%- I'm not sure)- of LAND value, not of total value.

It's a nasty hit- but then comapre that with the ability to distribute income to any beneficiary. Circumstances do change, especially with couples, and especially with people in the investing community who have done well in the boom.

I'm hurting from the tax- but the positively geared property in the trust enables me to distribute the income according to changed circumstanmces, and that is owrth a lot.
 
At the risk of being repetitive, thanks again to all who are contributing to this amazing thread. I've read Ed Burton's book along with Ed Chan's and so am impressed with the general idea of trusts.

I'll pop Dale's books onto my reading list as well, it seems they cover the property aspect in more detail than the other 2 authors. He's also been extremely helpful in private emails.

What a goldmine this forum is! I look forward to the time when I have something useful I can offer back after learning so much ...
 
Ed Burton The Great

Hi All,
Has Ed Burton still got his web site? Can he still be contacted? Or is any of his literature still available especially from his seminars?
Thanks in advance.
Learning everyday.
 
Hi

No. A little birdy told me that he was told to close down quietly and quickly or be closed down by the authorities.

Perhaps NickM can shed some light? He was with me when I heard the story....

Dale

Chris Burns said:
Hi All,
Has Ed Burton still got his web site? Can he still be contacted? Or is any of his literature still available especially from his seminars?
Thanks in advance.
Learning everyday.
 
Ed Burton was also involved with another book re: Offshore Investing from memory..

Never read or seen the book though..



Redwing
 
What Neil Jenman fails to mention is that he was offered a FREE ticket to one of Ed Burtons seminars. He was contacted personally by Ed, but allas he failed to attend. How do you write an evaluation on something you have not even seen?

Chris Burns

I think you can still get some info from him.

Dale GG

I would like to know what the little birdy said. I know that he still has his mentoring programs runnung, so if he was closed down wouldn't these have been closed as well?

Cata
 
*BUMP*

New Site

Bulletproof Asset Protection web-site

Any thoughts by those more versed in these matters regarding this site and details therein?

It seemed prudent to post as there is also Trust information and thoughts on impending changes (always an interesting subject).

Dear Friend,

My name is Margie Baldock. I am a professional Asset Protection Specialist and Managing Director of Bulletproof Asset Protection.

I help people like you ‘bullet-proof’ their valuable assets, so nobody can ever take them away (even the hottest, top gun, big city lawyer).
You are probably aware of the litigation epidemic sweeping our once fair nation (but more about that later). I have devoted my career to helping ordinary investors and business owners protect themselves from frivolous lawsuits.

That’s why I feel compelled to tell you that asset protection and trusts are now under attack in Australia. If you haven't already taken massive action to update your asset protection & preserve your tax deductions, then you must fight back before it’s too late. In this special report, I’ll explain just how you can go about doing just that.

“Just recently I heard you on the ABC with Todd Johnson speaking about Asset Protection. I must say it was refreshing to hear you speaking about other strategies that probably aren't new but they have not been widely promoted except at the big end of town.” T. M (ABC listener)

“And...please tell Margie Baldock (yesterday) she is fabulous - had to stop the car to take notes and she inspired me to take action!” C.S (ABC listener)

“I have heard you before on financial things and have always been so impressed by your articulate manner and easy way of explaining complex issues.” F.W (ABC listener)



Margie Baldock
Managing Director
Bulletproof Asset Protection

As featured on ABC Radio (Perth 720AM) as the “Resident Financial Educator” for 2 years.
“And If You Think That You’re Already Protected – Think Again….”
For 500 years Trusts have provided effective asset protection against frivolous law suits for business owners, landowners, politicians, medical and other professionals, and basically anyone else with assets they want to protect.

But as an expert in Asset Protection I now feel an obligation to tell you that there are now serious cracks in the system. You need to know that trusts are under attack, and take immediate steps to amend your strategies to ensure that you have asset protection going forward.

In the past 12 months there has been a very significant change in the laws relating to discretionary and hybrid trusts which could significantly affect your assets, business and financial planning (including your eligibility to access tax deductions that you may be counting on).

In short, the Federal Court gave a controversial decision in ASIC Re Richstar Enterprises Pty Ltd V Carey (“Carey’s Case”) which has fundamentally changed the concept of “control” in trust law in Australia.

Briefly, the facts of Carey's case are: ASIC claimed Norm Carey was involved in fraudulently using funds of the collapsed Westpoint Group. The receiver was trying to locate and seize assets Norm Carey had bought with the funds. In Carey's Case, he sought to freeze the assets of some discretionary trusts of which Norm Carey was a beneficiary.

For literally hundreds of years, trust law has been such that (generally) a beneficiary's interest in a discretionary trust is a 'mere expectancy' (i.e. anticipated, hoped for) and is not a sufficient proprietary interest for a receivership order to freeze assets of a trust.

In Carey's case, the Court fundamentally altered the law so that, in some circumstances, a beneficiary's interest in a discretionary trust does amount to 'property' under s 9 of the Corporations Act and therefore can be subject to a receivership order under s 1323 of the Corporations Act.

The basis of the decision was if a discretionary trust's trustees are the 'alter ego’ (i.e. effectively the same person as) the trust's beneficiaries (or under their effective control) then a receivership order can be made over the trust's property.

The implication of this case is that anyone who has a discretionary or hybrid trust in Australia now must re-evaluate their strategy and make the necessary changes to preserve their asset protection status.

In “How To Armour Plate Your Financial Empire Against The Frivolous Lawsuit Epidemic Engulfing Australia (And Legally Slash Your Tax Bill By Up To 38% At The Same Time)” we provide you with detailed recommendations to fix your trusts to ensure that your asset protection is maintained in the face of these new laws. Plus….you’ll get an in-depth personal consultation with the most experienced asset protection lawyers in the nation!

Don’t Assume Your Tax Breaks Will Continue…
And if you have a hybrid trust we will explain why your negative gearing tax breaks may now be lost in the ATO’s crack down. If you don’t get your Deeds updated now you could lose invaluable tax deductions and possibly face stiff penalties for non-compliance.

Self Managed Super Funds Are Also Under the Microscope…
And Require Urgent Amendment

But it doesn’t stop with discretionary and hybrid trusts, if you have a Self Managed Super Fund and have not yet brought your Trust Deeds up to date with the latest laws….then time is ticking to get these amendments made.

If you fail to get these amendments made, not only is your SMSF redundant but the ATO has the power to seize up to half your super fund assets by way of penalties. Ouch!!! That could really put a dampener on your retirement plans.
 
Redwing,

Could you buy the package then report back here? :D

OR, does any-one want to tell us these 'secrets' here on the forum and save us all the time and money on this product?

Thanks,

GSJ
 
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I'm part of his VIP group, which is now the same as the Gold group as its all conducted via teleseminar now.

The Asset Protection business was (at least in my understanding) never actually run by Ed. It was promoted by Ed and set up largely by him, the design, marketing, training etc but I understand it is run by somebody else. Can't be sure, because I didnt get involved in the asset protection business.

The person on the website redwing mentioned seems to have some very good testimonials, and I have heard of the solicitors that gave them, although from withing Ed's groups. One did an update to my SMSF deed recently and I was very happy with it. If solicitors are prepared to say that somebody knows their stuff, then its always a good sign. They would be fairly hesitant to put their names to it otherwise. Again, do your DD with them as you would with anybody offering you advice or services.

If anyone has any questions on Ed's business, feel free to ask away. I'm sure there are a few members here who are still involved as well.
 
Hey guys,

I have just finished reading this thread, and was amazed when i looked at the date it was actually created, back in 2005!

Anyways, i am very interested in HDTs and believe that they would be beneficial for my future investing in properties/managed funds.

I just want to know if people here who have these already in place visited an accountant (NickM, Dale, CoastyMike, Mry) to discuss them, or went to the lawyers (Chris Batten) who wrote the deeds?

On a side note, i visited the chris batten website and was interested to subscribe. I was a little confused however, about the 3 month subscription? What is the cost for a year? is it 4 x $99. Seems like a strange model to me as it isn't a once off thing you go and read and are done with, but rather it is an information source that is continually updated.
 
I'm part of his VIP group, which is now the same as the Gold group as its all conducted via teleseminar now.

The Asset Protection business was (at least in my understanding) never actually run by Ed. It was promoted by Ed and set up largely by him, the design, marketing, training etc but I understand it is run by somebody else. Can't be sure, because I didnt get involved in the asset protection business.

The person on the website redwing mentioned seems to have some very good testimonials, and I have heard of the solicitors that gave them, although from withing Ed's groups. One did an update to my SMSF deed recently and I was very happy with it. If solicitors are prepared to say that somebody knows their stuff, then its always a good sign. They would be fairly hesitant to put their names to it otherwise. Again, do your DD with them as you would with anybody offering you advice or services.

If anyone has any questions on Ed's business, feel free to ask away. I'm sure there are a few members here who are still involved as well.
Hi ASDF and Tubs,


Whats the Gold Group entail?
 
$280pm tax deductable.

Two teleconferences per month on consecutive days. Generally 7:30pm to 9:30pm, sometimes longer, covering property, finance, offshore investing, asset protection, tax, SMSFs, marketing. Sometimes not all topics are covered if there's a lot more to cover in one topic than another.

Occasional guest speakers, such as last month Endre Debozy from Landau Securities (offshore broker - landausecurities.com) talking about the world financial markets, opportunities and the economy in high growth countries, offshore managed funds, oil and currency prices.

Have been discussing the cashflow loan heavily in recent months with a mortgage broker who specialises in them.

Two phone in days a month to talk to Ed about any of the above topics.

One of the teleconferences is recorded and sent out on CD.

Access to download the documentation/reference notes on what is being discussed on the teleconference.

A silver CD (which you can get for around $30pm) which is one hour of Ed talking on some of the above topics, is sent out.

So, in summary, two teleconferences, two phone-in days, access to the handouts, one teleconference recording, and the silver CD for $280pm.

Ed is doing a free offer for 3 months at the moment. You cancel after the 3rd month if you want, and if you dont cancel out then you're in for 12 months. Something like this anyway. Could be worth looking at if you want to check it out, but remember to cancel if you dont want to continue.

Is it for you? Depends on what stage you're at in your investing, and your goals. Its good because it covers not only RE, but offshore, SMSFs and marketing as well. I stay in because I get a lot of information quickly that I dont have to spend time researching.

If you want more info, the office number is 02 4237 7682. Its not attended every day, so leave a message.

Any other questions, feel free to PM me.

Hugh
 
Thanks Tubs,

Sounds interesting, from memory Ed Burton was into +CF properties as well as asset protection, offshore investing etc

I've had some correspondence from Endre' in the past, it would be an interesting trip
 
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