Listing yourself as a benificiary will leave a paper trail that a decent Private Dective will find.

The DVD you refer to, is it the one about the Reserve Banks being privatly owned?

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

We will be travelling up to Matyborough to see the inlaws[thumbsdownanim

My wife said “How long do you want to stay?”

To which I said “Um, three hrs drive. If we leave at 8 we can be home by 5”.

I think that I just scored a week in Hicksville, I mean Maryborough. It wouldn’t be so bad if the inlaws were not there. Or more to the point, Mother…[Read more]

Originally posted by Ben Morris:

The forthcoming comments are not mine…I take no responsibilty for them…they are ficticious rubbish.

You forgot …risky, and “You can’t do that” ,and “No there is not anyway to move your money arround without someone tracking it”…

But that is all ficticious rubbish also.
[whistle]

CATA
Asset…[Read more]

If someone does a search on you, it will list you as a benificary of a bare trust. Therefor your name will appear on an asset search.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

A Trust Deed can exist without paying stamp duty
(no stamp duty in QLD) but if it is not settled then it is not active and can’t be used(except QLD).

Hence the double stamp duty.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by grossrealisation:

first decide what your doing and then build the structure for that purpose.

This is one of the best quotes I have seen on PI.com

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

It is difficult to get finance with an International Business Company (IBC).

There are two types of IBC’s. Companies Limited by Shares(CLS), and Companies Limited by Guarantees(CLG). A CLG is possibly better for what you want. You will need a Director, a CLG, 2 members , and you would be the Appointer.

As Appointer, you can suggest what the CLG…[Read more]

Trust property is said to be legally owned by the trustee, with the beneficial or equitable ownership lying with the trust’s beneficiaries. The trust is not technically a separate legal entity, and as such cannot own property on its own. Hence, all property (including real property) is owned in the name of the trustee – whether an individua…[Read more]

Be careful with this one GR. ATO will not be happy with you (or anyone else) if this is done any you are audited.

Not worth the risk IMOP.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I am in two minds about this one coastymike. I feel that there is some inconsistences in the info that is comming out. I believe Ed Chan to be a very good accountant, but the structures are nothing new (from a very credible source).

Listen to the Rick Otten audio and see if you can pick up anything strange as I did.

Hence, the two minds.

I…[Read more]

If the price you want is unrealistic then you will not get the price you want anyway. I think most people won’t care as long as they get a price acceptable to them.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by carl_vic:
The only thing I was confused about is whether or not I can establish the appropriate company/trust structure in the period between signing contracts and settlement.

What time frame are we talking about?

Originally posted by carl_vic:

All things considered I’m tempted to get the trusts organised well in advance…[Read more]

Most trusts will allow you to list a company as benificiary. This will give you all the benifits of a trust and capping income from the trust at 30%.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

That happens alot Thomas.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I have done no developing so this is new to me. But this was my understanding of residential contracts. Correct me if I am wrong.

Thanks Richard

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

The main difference is that a Family Trust can only distribute to family members. Sometimes called a Bloodline Trust.

A Discretionary Trust can list anyboby or any other entity as a benificiary eg. Company, another Trust ect.

There are some smaller differences but this is the main one, and it has the ability to save many dollars in…[Read more]

How about $50 on a $137k IP.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I do not know much about this Property Investor Trust, but if you have one IP +ve $50/week, and one IP -ve $50/wk, then this trust would be netural.

It is common and not so difficult to overcome but everyone’s position is different.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

As little as they will accept as I want to keep my money in my pocket. It is up to you and the vendor to agree.

I do not understand the issue as the money can’t be accessed untill settlemant anyway.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

It is much better to have structures in place first, but I will answer with a question for you to think about.

If you have a structure in place, then why do you need “and/or nominee” on the contract at all?

Why not just put the entity name on the contract?

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au