Hi,
I'm new to this so please excuse my ignorance. I was wondering if anyone here can help me decide which trust structure is better suited for my daughter and I to purchase IP's for our long-term future.
Our goal is that I would purchase the IP's on our behalf with the goal of never selling them but simply re-financing them and withdrawing my initial deposit to purchase additional IP's. Then when my daughter finishes her studies, she would take over the properties and continue our portfolio's growth.
We have spoken with several accountants about the benefits of using Units/Discretionary/Hybrid Trusts. In fairness, they have all said to us that their Trusts were best suited for us and that their establishment fees were reasonable. However, its difficult for us to decide which is most reasonable when their prices range from $1350 - $3500, including company trustee set-up fees.
If anyone has any experiance in dealing with Co&Trust Structures, can you please advise what are the main/critical points that are trust must/should contain to make it usuable for purchasing and re-financiaing IP's. Thanks in advance.
I'm new to this so please excuse my ignorance. I was wondering if anyone here can help me decide which trust structure is better suited for my daughter and I to purchase IP's for our long-term future.
Our goal is that I would purchase the IP's on our behalf with the goal of never selling them but simply re-financing them and withdrawing my initial deposit to purchase additional IP's. Then when my daughter finishes her studies, she would take over the properties and continue our portfolio's growth.
We have spoken with several accountants about the benefits of using Units/Discretionary/Hybrid Trusts. In fairness, they have all said to us that their Trusts were best suited for us and that their establishment fees were reasonable. However, its difficult for us to decide which is most reasonable when their prices range from $1350 - $3500, including company trustee set-up fees.
If anyone has any experiance in dealing with Co&Trust Structures, can you please advise what are the main/critical points that are trust must/should contain to make it usuable for purchasing and re-financiaing IP's. Thanks in advance.