Hi Kate, Anna & Elysia,
I just saw DG in Parramatta on Saturday talking about her asset protection trust package.
I put my name down but haven’t parted with any money yet as I asked them to hold the application for 2 weeks while I go away and think / do my due diligence.
Look forward to hearing back from you or anyone who has looked into this product of hers – whether you have been happy with the trust, are there any catches?
And what other fees might be involved – I’m concerned that there may be hidden fees such as an annual fee or over priced fees to remove caveats or to adjust the trust everytime there is an asset change. I’m also concerned that there might be a lock in clause meaning all legal services, conveyances now have to go through her with inflated fees.
Also tax implications – are assets (eg rental income) taxed at 30% or at personal rates and how is this all captured in personal tax returns as DG has suggested?
I did a Law Society of NSW search of her and she didn’t appear to be listed.
I’d love to hear back from anyone.
Regards,
Akan