Total Members: 159,214

celina

  • celina replied to the topic Financing using Family Trusts in the forum Finance 7 years, 3 months ago

    Ok, thanks Terry. I will email you directly to set up a consultation.

    You don’t seem convinced that the trust structure is the best way to go – I am curious now to see what other options might be available.

    Cheers,
    Celina

  • celina replied to the topic Financing using Family Trusts in the forum Finance 7 years, 3 months ago

    I think you might need additional or further advice.
    Although you could do what you are proposing consider the arguments a trustee in bankruptcy could use against you. Research resulting trusts.
    [/quote]

    Hmm, I think I see the problem – we have paid the deposit – not the trust (it does’t yet exist) so even if we change the name on the…[Read more]

  • celina replied to the topic Financing using Family Trusts in the forum Finance 7 years, 3 months ago

    Hi Terry,

    Thanks for your response. Good to hear that it might not be as difficult as I am hearing to borrow through a corporate trustee/trust structure.

    I have gotten and paid for legal advice regarding this situation, but now am a bit concerned I haven’t gotten the best legal advice. How could we get asset protection and the main residence…[Read more]

  • celina started the topic Financing using Family Trusts in the forum Finance 7 years, 3 months ago

    Hi Forum Members,

    I’m new here but have been reading lots of past posts with keen interest.

    About us: I am a Chartered Accountant and my partner is an Electrician, he is self-employed and runs his business through his own Pty Ltd company. I am a salaried employee on a good income.

    I have a financing question about borrowing within a Family…[Read more]

  • celina became a registered member 7 years, 3 months ago

celina

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