browndog replied to the topic STUMBLING BLOCKS in the forum Legal & Accounting 21 years ago
Tennants in Common is the way to go. I know two girls on the Gold Coast buying up near beachside property, ripping it down, making duplexes with a 50% interest. One at a time, no need for the trust venture (although I would consider it if you wanted to protect yourself from future partners. Trusts are good when you have a family.)[biggrin]
browndog replied to the topic Child Support – Income Issues in the forum Legal & Accounting 21 years ago
I agree that people should not be penalised and forgoe opportunities only because they have to pay it all in child support.
My idea would be to look at setting up a family trust (therein providing a structure to build wealth for the children) while I am not sure how child support agency can assess someones income, when it is now owned by an entity.[^]