Not necessarily Derek.

Tenants in common means that the portion that you own will be part of your estate, and therefore can be given in your will to anybody of your choosing. If there is no will, then yes logically the spouse and/or the kids will get it.

Cheers
Mel

Leo, that’s true. You don’t get the ‘threshold’ that individuals do, but I still think that that is a small cost to pay for the flexibility of distribution of the profits, and asset protection.

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Mel

James, you ‘may’ be able to do it if you initially set the trust up with yourself as trustee. As trustee the properties are in your name anyway.

Definitely ask the solicitor – I’m not sure if they have to do anything special in the contract etc. to show that it’s being bought ‘as trustee for’.

Cheers
Mel

Hey Rubba, I think it’s been like that since the new forum kicked off. Unless you change it to one you nominate, it’s got the forum.

Cheers
Mel

Hey recovery

I saw a few too when I was up there, but am hamstrung with finances at the moment. Might be good to get another one sometime so it’s not such a long trip just for one IP.

Cheers
Mel

Hey SIS, you know how we had that conversation where you said I was like a sister to you……….? []

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Mel

They sound like serviced apartments. These units would have very high costs, low LVRs from banks, and low CG.

Cheers
Mel

I did not say you must have a ‘lack of money’. No money would seriously dent how you can live, but the pursuit of money should not be what life is all about. In the end, it’s not going to make us happy. However, if we are unhappy, at least we will be comfortable []

Cheers
Mel

Come on guys, I think it’s safe to say that it is an old riddle, and very American based. Depending on what part of the country they were in, we know they did some bloody awful things to the blacks.

Now let’s assume the homeowner called the exterminator company. He would not have known necessarily that they were going to send a black fellow…[Read more]

Here you go Muppet. Shame the Aussies didn’t flog the Sri Lankans in the last game cos that would have left you guys in clear 3rd. Oh well. Don’t know what’s happened to India……

ICC One-Day International Championship Table
[ as at 2nd March 2004 ]

Team Rating
1 Australia 135
2 South Africa 113
3 Sri Lanka 109
4 New Zealand 109
5 Pakistan…[Read more]

Chan$, it’s just a parcel that Aust Post have. It’s a box, and they call it ‘PostPak’.

Cheers
Mel

Hey Chan$. I could do that, but it wouldn’t make it any shorter![] Plus, I’m more than happy for you guys to leave me streets behind in the posting stakes [^]

Cheers
Mel

Matt, ‘unencumbered’ to me just means equity that is going to waste!![]

Cheers
Mel

Rachel, what James said is spot on. there are many interstate people that use Dale Gatherum Goss who is in Melbourne. Same same Bruce Whiting in Sydney. Nick Moustacas is also in Sydney.

Search for accountants, and check out the Somersoft forum – Dale GG is a moderator there, and I’ve actually seen him recommend some accountants in people’s…[Read more]

Redwing, for a trust being set up with friends rather than family, I would definitely go the Unit Trust structure. This way there is a fixed entitlement for all, whereas with the Discretionary or Hybrid Discretionary (which can be done!) the trustee has discretion.

The Units in my Unit trust with the other people will be owned by my family…[Read more]

Chan, I think you would want to keep your ‘uniqueness’. You don’t actually lose it by copying someone’s ideas to make money. Money isn’t all there is to life. If we were all the same it would be pretty boring.

Cheers
Mel

Yay for me. yay for me! [][][][][][][][][^]

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Mel

AH HA. Aussie, the exterminator is a black man, and in the closet is a Ku Klux Klan jacket?

Am I right? Huh? huh? Am I right? Am I right?

Cheers
Mel

Originally posted by westan:
937 ! what is going on every time i check i’ve gone up one

Ha ha[] Very funny Westan[]

Cheers
Mel

Yes, but Peter Jackson said it was an ANZAC film!! So we’ll take half those Oscars thanks.

I thought it was pretty cool that for the marching sounds he got an entire stadium to stamp their feet.[]

Cheers
Mel