Hi all,
At present my wife and I as Trustees have been purchasing properties for our family trust. Our names are on all the paperwork .
We plan to have a trustee company in the near future and would like to know
1. Do we need to change the names on the titles. If so the assetts haven't changed hands so I would hope stamp duty wouldn't apply.
2.If we don't need to change the names on the titles are they more "at risk" than the future ones bought by the Trustee Company.
Thanks for all replies. Regards Bushy
At present my wife and I as Trustees have been purchasing properties for our family trust. Our names are on all the paperwork .
We plan to have a trustee company in the near future and would like to know
1. Do we need to change the names on the titles. If so the assetts haven't changed hands so I would hope stamp duty wouldn't apply.
2.If we don't need to change the names on the titles are they more "at risk" than the future ones bought by the Trustee Company.
Thanks for all replies. Regards Bushy