We’re about to start on our kids (10 & , My son (8 yo) saves his pocket money and buys his own ps2 games….(yes not value adding) he also looks at trading games he doesn’t play with. his really tight with his money and usually collects my loose change I leave on the counter. He is arranging a toy garage sale and has seperated his toys. My…[Read more]
I’m not aware of an online site and wouldn’t recommend one.You should see a lawyer (one with property experience would be preferrable) and you can discuss the best structure for your circumstances.
If your heading down the Trust path you will need a company set up as the Trustee (approx $350 – $400) and the Trust Deed (around $1200). There…[Read more]
The hybrid trust is a unit trust and revenue must be distributed to the unit holder….so I would imagine that if you have the borrowing for the units in the Trust then you have would get the income. You can issue capital units and income units so your wife could get the capital gains from the sale of the property whilst you get the income from…[Read more]
Discretionary Trusts that have -ve cashflow can not distribute a loss to the beneficiaries, however are accumulated over the life of the trust and offset any future income that the trust earns. i.e. if there is a loss in yr 1 of $2k and in yr2 of $1k but a gain in yr3 of $4k, then the Trust must distribute a net gain of $1k