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  • helin16
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    @helin16
    Join Date: 2009
    Post Count: 9
    February 15, 2013 - 12:07 am

    Thanks Jamie!

    I am in Eastern Metro of Melbourne :)

    helin16
    Participant
    @helin16
    Join Date: 2009
    Post Count: 9
    June 26, 2012 - 6:17 am

    Thanks a lot for the prompt reply, Terry!

    Frankly, I really don’t know why I wanted a trust. It was just my accountant suggesting to me about this, saying it could protect myself and my family assets as such, because I have one child, I could pass my assets to her so and so.

    So far, I am trying to buy and hold positive geared properties and retire early, but casually I have bought a couple of negative geared properties as well, as they are under market value and I needed the equity. and my accountants was saying that I could save TAX on trust as well??

    Cheers!
    Lin

    helin16
    Participant
    @helin16
    Join Date: 2009
    Post Count: 9
    June 26, 2012 - 5:32 am

    Same here!

    I've been suggested to setup a family trust(as I have one child) by my accountant.
    I've asked around and did some research on the net, it all seems to be a bit confusing for me. There seems to be a few types of trusts around:

    • Family Trust
    • Discretionary Trusts
    • Discretionary  Family Trust?????
    • Unit trusts
    • Hybrid Trusts

    I've a couple of negative geared IPs and a few positive gear IPs, and both my wife and I are just on an average income.
    Which one should I go? Can anyone explain a bit more?

     

    Many thanks

    Lin

    helin16
    Participant
    @helin16
    Join Date: 2009
    Post Count: 9
    August 16, 2010 - 4:37 am

    Thanks a lot!

    what's the difference between PIT and family trust? as a unit trust, won't that be harder to sale or buy any units, comparied to family trust?

    Cheers!

    helin16
    Participant
    @helin16
    Join Date: 2009
    Post Count: 9
    August 10, 2009 - 11:21 pm

    thanks a lot, mate!
    the explanation is loud and clear!

    Cheers!

Viewing 5 posts - 1 through 5 (of 5 total)