All Topics / Legal & Accounting / Transfer property to a trust?

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  • Profile photo of gammonbrusgammonbrus
    Member
    @gammonbrus
    Join Date: 2008
    Post Count: 96
    August 27, 2013 - 12:59 pm

    Hi all, 

    Does anyone know about transferring a property to a trust (or similar). Myself and a partner have an investment property which we are still paying off. 

    We require the property to not be in our names, i.e we "must not currently own property". If we transfer the property to a trust of some sort, would this completely rid our names of the property and neither of us would technically "own property"?

    Thanks for you help.

    I can clarify further if this is unclear.

    regards

    gammonbrus.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 4, 2013 - 9:21 am

    Yes I know about trusts and these sorts of things.

    Seems your understanding of these things needs developing. Who told you "must not currently own property" and why? Probably for asset protection maybe.

    You need legal advice on the transferring of property to a trust as there are several issues – no asset protection if you get it wrong for example.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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