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  • Profile photo of MiccaladyMiccalady
    Participant
    @miccalady
    Join Date: 2009
    Post Count: 23
    December 8, 2009 - 8:34 pm

    Hi all,

    I need some help.  I have just signed contracts on two properties IN MY NAME.  They have not exchanged yet and I was wondering if anyone knows if it is too late to change them over to a trust or something, although I don't have one set up and I am assuming this would take some time.

    Am I able to restructure everything once the properties are settled and will this be a much more expensive way to do it down the track (if it can be done).  I would really appreciate any info on this.

    Profile photo of DWolfeDWolfe
    Participant
    @dwolfe
    Join Date: 2009
    Post Count: 1,253
    December 8, 2009 - 10:00 pm

    Hi,

    Can you delay settlement? You may have to pay the vendor but this may save you many dollars later. If your accountant is any good they should be able to set something up for you reasonably quickly (week or 2) If you search on the forum you will find other posts on transferring between u and a trust/co/etc and it will cost you a bomb!

    Good Luck,

    D

    DWolfe | www.homestagers.com.au
    http://www.homestagers.com.au
    Email Me

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