Hi Buylow

Firstly I have no money in this particular fund, but funds similar.
I can not remember how long it has been going but I know that it has been paying 2.5% every month with 0.5% taken in fees.

They can have larger than 2.5% per month profit but place the extra money in a capital garanteed fund and only draw on the extra money if the…[Read more]

Originally posted by Mabbott:
cata,

how do you lose money in a term deposit???[eh]

Easy, Invest it IT stocks just before the bust. I sucessfully halved my money. [thumbsupanim]

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I could not have said it better myself.

Nice one Doc.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by Mortgage Hunter:
Risk and return has a strong relationship. Basic stuff folks.

I would seek and pay for professional advice. I also know who I would approach to have a plan written and run for me that would increase this $1M many times in the medium term.

I would not act on advice from a bunch of well intentioned…[Read more]

The fast and easy answer is a fund I know that pays 2% per mth net of fees.

$20k per mth, do you think you could live on that?

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

It is not worth the risk IMOP. For the cost of a new company the benifits outweigh the risks.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Hi GR

A Richer is the opposite to a Broker.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Using a trust is possibly the best option as you can sell and then purchase more property not in your name. Any profits inside the trust not distributed by the trust befor June 30 will get sluged 47% tax, so best move any money before.

As Terry suggested, if your ex found out she could argue they are held in trust for you, but she would only be…[Read more]

Originally posted by angela.goodsir21286:

The accountant is proposing that we make him the 76% shareholder.

I know nothing about NZ structures, but I would not be comfortable giving a 76% stake in any of my companies to anyone (maybe the better half).

I would do alot more research before I agreed to this, doesn’t sound quite…[Read more]

Stranger things have happened Ducketer.
Now lets say he wants to be nasty. He could possibly list
-Landlord
-Tennant
-Property Manager
-Property Managers Employer
-The guy that services the mower
-The council (if it happened on the footpath)
-The pest man for the green ant bights he recieved.

You get the point.
Unlikely yes, but…..

I call it…[Read more]

Or you (as director of the trustee company) can go garantor for the loan that is from the trust. If you borrow money and gift it to the trust You are stuck with the repayments and no deductions for your tax, as you have not borrowed the money for investment.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Hi Michael

I don’t know much about leases, but in Mt Isa the leasehold is paid at about $100 per year untill the land is paid off. Then it is yours.

I would do some reserch on the lease and go from there.

Sorry I could’t help more

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

8- The trustee is liable for any actions of the trust, as the trust can not make decisions by itself.

If the trustee is a $2 non trading company with no trading history it puts another layer of protection arround your personal assets. It shows a clear difference between your assets and the assets in the trust.

Hope this helps

CATA
Asset…[Read more]

1-It is a semantic division which the law adopts: The trustee owns the trust
assets in name only – the benefit of those assets (enjoyment of them) is the
sole exclusive right of the beneficiaries of the trust.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by Terryw:

Quote:
Originally posted by

Cata – how can someone do a search on a trust? Trust deeds are not stored anywhere or registered anywhere. Sometime people lodge copies at the Land Titles Office, but this doesn’t appear to be a requirement. The Office of State Revenue doesn’t keep a copy, they just stamp the deed and…[Read more]

IF you find one then let us all know Doc…

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I try to teach my kids how to make it rather than how much?

If they know that I think it is half the battle won

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Be careful with cheap trusts and companies.

More often than not, you get what you pay for.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

It was interesting, but you can call me a skeptic. I’m sure that it has some truths but I have done no research myself.

A bit of an eye opener though.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Some small changes to redwings answers as it is a discretionary trust not a HDT.

3- Loan is inside the trust. Remember that a discretionary trust can not offset the loss (if -ve gear) as there are no special income units.

5- The trust.

6- The trust trades.

7- Best to speak to an accountant about income streaming.

8- Yes the corporate trustee…[Read more]