Forum Replies Created
- Originally posted by Cata:
If a hybrid trust is not maintained correctly, it will not hold up against a lawsuit. I do not believe it is necessary for the majority of people and is overused by some. I have heard of tax barristers breaking into some hybrid trusts is about 5 minutes because it was not maintained or set up correctly.
These can be tricky beasts, be careful.
hi Cata, what do you mean by “if hybrid trust is not maintained properly” . Can you plse elaborate, thanyou
CATA
Asset Protection Specialist
[email protected]Originally posted by Cata:If a hybrid trust is not maintained correctly, it will not hold up against a lawsuit. I do not believe it is necessary for the majority of people and is overused by some. I have heard of tax barristers breaking into some hybrid trusts is about 5 minutes because it was not maintained or set up correctly.
These can be tricky beasts, be careful.CATA
Asset Protection Specialist
[email protected]thanks to all those who provided feedback and comments on this issue. You have provided some good accountants for me to follow up with. I will share my findings with you all, once ive met with these guys. the accountant my friend mentioned is chris batten who supposedly specialises in these matters. has anyone heard of him, or the products he promotes,is he above board, respectable etc?
