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From: Anonymous
When you start off a discretionary trust it doesn't have any capital (except a nominal amount). So what happens if you want to buy a property and need a deposit. Can I personally lend money to the turst.
eg. $100,000 property, the bank will lend $75000 so I need $25000 deposit plus costs. Do I just use my money or do I have to make some record of lending it to my trust?
When you start off a discretionary trust it doesn't have any capital (except a nominal amount). So what happens if you want to buy a property and need a deposit. Can I personally lend money to the turst.
eg. $100,000 property, the bank will lend $75000 so I need $25000 deposit plus costs. Do I just use my money or do I have to make some record of lending it to my trust?
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