Hi
This is my first post. I’m just about to put an offer in on a CF positive IP. I was talking to my broker today and he suggested a family trust. Have seen a few posts skimming over the subject but not sure what he is talking about. Could anybody shed light on the subject so I could at least sound some what informed.
Thanks
Ros
Hi Ros
Structure is a complex issue and ultimately you should consult an accountant that is familiar with property. A first step would be to purchase a book on trusts. I would recommend Steve’s “Wealth Guardian” as it is reasonably easy to read and covers lots pos the pros & cons of trusts, companies, individuals when purchasing and owning property.
Mark
“Is this taking us CLOSER to our goal?”
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