ncr99 replied to the topic Family trust (discretionary) with myself (individual) as trustee to buy IP in the forum Legal & Accounting 11 years, 6 months ago
In summary the best way to go is the following?
(1)Set a family trust with a corporate trustee
(2) Can I use have my present PTY LTD company (share trader) as a beneficiary (100% owner/director) for distributions? Or should I set another PTY LTD bucket company?
(3) I would like to gift the money to the family trust as I want to retire and…[Read more]
ncr99 replied to the topic Family trust (discretionary) with myself (individual) as trustee to buy IP in the forum Legal & Accounting 11 years, 6 months ago
Thank you for your reply , Horitsu Sensei ( I lived in Japan for 17 years)
No, there will be little asset protection in the early years especially.
What you are saying is that any gifts to my DT are subject to creditors if I am sued personally (not as capacity of trustee) for the first 5 years? Hence that is why a separate trust band is…[Read more]