Richmond, what areas were these purchases in?
Jars

Tas

I think you are commenting on the fact that once the funds are disbursed, that the beneficiary loans the money back to the trust and that this is just an accounting record. I believe the beneficiary can recall on those funds however at any time (not sure if a loan agreement can get around this). I have set up a discretionary trust, it has a corp beneficiary (for tax at 30%) as well as family members (including myself) and I can distribute funds from the coprorate trustee (yep another company) as I see fit.

Stu and Steve are spot on, that much I know, but im still learning. In fact my accountant is coming in Monday to ensure my comfort with it. A trust isnt set up to make money, its purpose is to invest and protect assets under a separate legal entity. Tax benefits?… makes little difference if none at all. I set up the trust to guarantee a disconnect between income earned and asset wealth.

Jars

Hi All,

Ok. I agree with Mini, and fullout, I waited for you but I got hungry so I headed home! I bought the software, and as Mini said, I dont want to go hunting around web sites for calculators, and it wasnt just about that, it was about being 150% organised, being able to assess your position and keep track of everything in one place, presentation to the bank, etc. Being someone that values their time highly, I thought it was good value. I attended Kiyosaki and there is no way Id pay his $7k for a weekend. However, I think the rich,astery weekend is reasonable value, and Im inclined to go. I never buy anything on an evening like that, so this was a first. Their detail was good and far more hands on. Not hype, an actual service. Im also interested in the deals they may have.

The $10000 question is, who do you believe. Your due diligence may assist but at the end of the day its all risk assessment. I met a buyers advocate in the morning who’s opinion was so low on Henry Kay I couldnt repeat it then had dinner with a seriously successful investor, talking syndicates and other stuff and is actually one of the key people behind Henry Kay and also his good mate. Talk about a day of it.
Jars

PB? What state is this in?

ksheather, thanks for the chuckle, makes for good reading[:0)]. I signed up days agoooooooooooooo

Jars

Hi Fullout

Ill go – I dont think anyone else has taken it yeah?

Email me: [email protected]

Jars

Felicity, what is this about, never heard about if before? Can you please give me a run down of what is covered, & how long, etc?

Thanks

Helen