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And don’t forget, the more trusts that you have the bigger the accountants bill!
In general trusts are about asset protection these days, and while there can be some tax benefits as well they do not directly benefit your borrowing potential so you have to look at the purpose of setting up a trust and ensure that it is still a viable vehicle particularly in the light of recent ruling by the tax office.
Happy investing!
ElisaMT | Awesome Lending Solutions
http://www.awesomelendingsolutions.com.auTailored solutions that build wealth through property
It is not overly common however brokers that deal with very complex structures where there are trusts, company or developments and so forth often do, mainly because you can spend many hours structuring a deal or a plan, packaging the loan or loans only to have the client change their mind and you have then wasted that time from a business perspective.
When you think about it they are professionals the same as your accountant or financial planner and you don’t expect them to work for free.
Having said that we do not currently charge a fee as a large portion of our clients come through referrals and so are less likely to be “tire kicking”.
Talk to your broker, and if you feel the fee fits the service consider it an investment.
Best of luck!
ElisaMT | Awesome Lending Solutions
http://www.awesomelendingsolutions.com.auTailored solutions that build wealth through property
