All Topics / Help Needed! / Question for the Susessful

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  • Profile photo of Mad-CatMad-Cat
    Member
    @mad-cat
    Join Date: 2004
    Post Count: 30
    October 5, 2004 - 8:28 am

    Ok these are 2 simplish question with a complex answer im quessing.

    1. How do u all invest.

    I mean do u invest in as an indervidual, trust or busnesses.

    2. Why did u choose that way?

    Profile photo of tonyy21692tonyy21692
    Member
    @tonyy21692
    Join Date: 2003
    Post Count: 128
    October 5, 2004 - 12:07 pm

    Hi MC

    1) Via discretionary family trusts,

    2) asset protection.

    Cheers

    Tony

    P.S. hybrid trusts are often touted on this forum as magic puddings – if you are concerned, (and you should be) that they may fail to deliver the promised tax benefits, get a PRIVATE BINDING RULING from the ATO prior to entering the arrangment.

    Profile photo of Mad-CatMad-Cat
    Member
    @mad-cat
    Join Date: 2004
    Post Count: 30
    October 5, 2004 - 1:49 pm

    Thanks for the answer Tony

    I was wondering if anyone can recmend a good accountant and financial advisory in W.A. preferaly one that invests them self too.

    Dave

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