It’s a shame that the comments of a few can hurt a forum so much, with some knowledgable posters not returning.

You will be missed Coasty.[glum2]

I think people should be trying to be positive and not so abusive in their posts. This forum is all about helping each other.

This disapoints me.[angry2]

CATA
Asset Protection…[Read more]

If it was easy Amanda, everyone would be doing it.

Be the cat in the rat race.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

You are on the right track. I would always keep investments seperate from business. If the business fails the creditors may may chase your investments for payment if in the same structure.

What sort of business?
If you want to have a chat about possibilities, e-mail me.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

A great point that is often overlooked Stuart.

The kicker in cases like these are that insurance may not cover you. The guy that got hit in the head with the golf ball for example, the day was a charity day. No green fees were payed so no insurance was payed either. Or the criminal that broke into your house, he is committing a criminal offence…[Read more]

Hi Toni

This will depend on the deed of the trust. Some will allow you to add/remove beneficaries with a minute entry, others will need resettling (this is the expensive one).

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Thats a good post Elkam.

And there is also the option of a bucket company when all other beneficaries have reached the 30% tax threshold. This will cap your tax at 30% as this is the company tax rate.

First of all I am not a tax accountant, I am a Asset Protection Specialist, but this is what I do with my tax.
My tax barrister recommends it to…[Read more]

It sounds like a rubbish to me Dazz. [jerry]

I thought there was limitations to what could be built on to a tip. Some old tips here in Brisvagas have playing fields over the rubbish as nothing could be built on the unstable ground.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Tax issues are not the only benifit of trusts HB, and what if you could keep your taxable income in an even lower tax bracket.

The way I read the extract, it does not at all say that using a trust is outdated. If 81% of pollies use trusts do you really think they will loose there benifits?

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by Stuart Milne:

Whilst you can go to a bucket conveyancer I always have firmly believed in the adage about getting what you pay for so I’m always happy to pay a bit more for a Solicitors services whilst conveying property

That statement is possibly one of the most underused, but powerful statement arround. It comes back to…[Read more]

Why can’t you use the exess funds distributed from the trust to another entity (company or another trust) to use as a deposit on another IP, or other investment that is perhaps -ve geared.

Remember that you have already distributed up to the 30% tax bracket to yourself and the rest is (for me anyway) for investment, business etc.

How much do you…[Read more]

I would assume then Terry that the lawcentral website is incorrect. It may be commonly called a family trust, but why not just call it by it’s correct name to save confusion.

I’m not having a go at you Terry but it’s the details that makes the difference between a trust deed and a good trust deed.

I also use to be an engineer so I look at the…[Read more]

Yes Redwing, the company should be seperate from the trustee company. You might also be able to distribute funds to another trust.

Terry, If the trust can distribute funds to anyone or entity then it is a discretionary trust, if it can only distribute funds to family menbers then it is a family trust.

CATA
Asset Protection…[Read more]

A family trust can only distribute funds to family members. A discretionary trust can have a bucket company capping your tax at 30%.
This is why I do not set up family trusts.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Do the repayments have to be in USD and I assume that they fluctuate with the exchange rate.
What are the set up costs?

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Everyone is in a different situation so it is best to talk to someone who knows structures well, but you will possibly get conflicting advice from different people.
You will also need to think about how far you want your investing to go, how many IP’s.

Look into a corporate trustee with either discretionary or hybrid discretionary trust.

Hope…[Read more]

Just a thaught.

Why do you thing the govermnent is giving $4k for a baby bonus?
My opinion is that because the government knows they need to keep the population up for long term viability of this country. This along with imigration should be enough.

My only question is, what type of demographic will have a child for $4k?
My wife being a teacher…[Read more]

Make a minute entry in the company that states what the loan is for.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

Originally posted by carlin:

CATA – you asked what our strategy is. Here’s the situation:

We’re a couple of DINKS – 40 and 44. Work full-time in fields unlikely to attract litigation (yes, I know all the “but what if” arguments – but I’m just saying we’re not obvious targets.)
Both now in the second to top income bracket fo…[Read more]

I would be more concerned with the Super fund side of things. Yes, they are a version of a trust deed, but you need a seperate lisence for these.

Happy Hunting Robbo26. Let us all know what you find.

CATA
Asset Protection Specialist
wardlecata@primusonline.com.au

I am not liscenced for superfunds, but some people that I deal with reguarlly are and they have advised me personally not to do this as they feel it is a very grey area.

I would talk to a SMSF specialist and get the facts for yourself.
Sorry I can’t help you further except to do youe due dilligence throughly, remembering that the laws for SMSF…[Read more]