Hi There,
Who are the best people (eg Accountants, law firm etc) to get advice and set up a Family trust?
I wish to set one up to purchase property through and also for asset protection.
Any advise would be great.
Thanks.it seems that people keep asking the same questions every day
But a good question nevertheless.
Accountant is the one to do it.
Thanks quickchick…… and I'll try and ask a completely different question to keep god_of_money happy ;]
Expect to pay around $1000 for set up. And same each yr, fees due. but worth it if you're about to buy property in it. Only takes a week or so to set up.
And you don't have to keep anyone happy! We're all here to learn.
quickchick
Do you have more than one family trust or do you attach all your investments to the one trust?
Can anyone recommend a solicitor or accountant in the Parramatta, NSW area where you have conducted business associated with establishing a family trust? And you were pleased with the knowledge, advice, service and associated cost.
I have found that for properties with the same strategy (eg cashflow positive), the same trust is good for at least a few. (Ask your accountant how many it is useful to put together. Maybe $1mill or $2 mill max per trust?)
If you want to use a different strategy, it may be worth considering setting up another strategy.quickchick
You must be logged in to reply to this topic. If you don't have an account, you can register here.
