All Topics / Help Needed! / What is a Trust and how can it benifit me with my newly purchased property?

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  • Profile photo of Warren_tWarren_t
    Member
    @warren_t
    Join Date: 2009
    Post Count: 2
    July 16, 2009 - 6:05 am

    I have just purchased a positive geared property how can a trust benifit me?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 16, 2009 - 6:09 am

    Hi Warren

    Hate to say you are too late.

    The Trust needs to be dated prior to the date of the purchase contract so if you have already purchased a property not a lot you can really do.

    Next time i would get your Broker to ensure that the structure is correct before going to contract.

    Richard Taylor | Australia's leading private lender

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