Ok, so if I use a trust to invest in assets and protect them, will this provide me with a weekly, fortnightly or monthly income? As far as beneficiaries go, can you have as many or as few as you like? I am presuming that you can add a member (say when they are born), is this correct?

Visited the A/c the other week for less than 2 1/2 k he set up a Family Trust with a Pty Ltd Co.

Can you tell me what you can do under this?

Cheers

Well, here’s my story. Currently 25, my partner and I bought our house at 20, bought our first investment property at 23 (took a bit to convince my partner). I am looking forwarded to doing heaps more, still trying to convince my husband who thinks that doing one once a year is good.

Ok, but say I want to protect my assets now and not branch into the business (employing people) side of things for about 5 years, what should I do now that’s pretty simple to set up? I may not even do the “business” part at all. I want to be able to involve my family, which I thought that setting up a trust would be better, but can you get an…[Read more]

I find that ING for savings is great (5.40%) if you are after a simple savings account, and ANZ have been really good to me.