You learn something new everyday, I just did.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by 30Ch:
Anyone thinking they can easily “change beneficiaries” or “add beneficiaries” by simply having a Minute done or changing the trust deed must have a morbid desire to add to the coffers of the revenue authorities. If you add a new beneficairy to a trust you are likely to fall into the trap of what they call a resettlement…[Read more]

My understanding is from settlement as that is whan it is yours outright(except fot loans).

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Try to get a copy of “The Bubble Boom” by Harry Dent. Very interesting read.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by 30Ch:
The trustee is the owner

The trustee is the controler, not the owner. For all legal and tax purposes the trust owns the asset but is controled by the trustee. The trustee has to pay as it is in control(liable) for what happens in the trust.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

If the deed allowes you to change benificiaries then it should be a minutes entry. If the deed does not allow you to change you can not.I think GR has it right for a maiden name though.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I have had many negative comments from people that have been told that they need Asset Protection when they clearly do not. Being one of these “Asset Protection Specialists” I feel that some others are possibly in it for the wrong reasons, which makes me feel as if I am being draged down also.

Having said that, I believe that the trust deeds we…[Read more]

I believe she has learnt everything from Ed Burton.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I have awlays thaught that a fixed rate cut means the bank is betting on intrest rates being lower in the future, or at least not rising.
Just my understanding,

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

My preference is anything as long as you get the land. There is no more land being made and I believe that you will get better CG.
My pics include, Houses, Blocks of flats, Duplex ect.
But remember that I do not know Darwin at all.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Bless you Redwing

(good one)

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

E-mail me if you want to talk. I will be away until 18 sept but after that is ok.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Something +ve to offset the -ve is a good idea. Even a +ve IP will offset the loss(have seen this many times).

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by lupus1704:

Have a couple of properties within a discretionary trust. Was thinking of also holding shares within said trust structure.

Hi Lupus

In Holding shares I assume that is investing in the stock market.
If you are holding the shares long term(longer than 12 months) then I think only issue is asset protection(if the…[Read more]

Congrats BorgInvestor

That is great, keep it up

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by redwing:
Supposedly good in an Asset Protection scenario as well..?

Not something I would do at all. A company could be sued and there is no CGT discount. This can be done through a trust.

LibraCharlie

A loss can’t be distributed but is carried forward until it is used (Tax credits). You can get the neg. gear effect in a…[Read more]

Originally posted by coastymike:

Cata just one issue. A trust cannot be sued. It is the trustee of the trust that is sued in the case of litigation. That is why a corporate trustee is the preferred entity, with the company holding nothing more than issued capital (for two shareholders this would be $2 issued capital) and for greater security a…[Read more]

I agree with Terryw. The last beneficiary should be a company but only after every other option is exhausted.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I agree, but i would rather spend the money seeing the world. My car is a 93 nissan bluebird sss. Nice car to drive and comfortable. I have been close to trading up several times as I do like a number of more expensive cars, but then I take the family on another holiday. This has happened twice in 3 months.

Maybe next time

CATA
Asset Protection…[Read more]

A trust has its own common and tax laws. The people who benefit from any distributions made by the trust can not be held liable for the actions of the trust. The trust owns the asset and because there is no shareholders, there is no ownership of the trust. Something that is not owned by anything else must be a separate entity(and therefor no-one…[Read more]