All Topics / Help Needed! / asset protection advice

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of sirrobinsirrobin
    Member
    @sirrobin
    Join Date: 2010
    Post Count: 2
    June 15, 2010 - 10:39 am

    i am looking to setup some asset protection strategies for my family home. could someone please recommend a melbourne based solicitor or expert who knows about this stuff

    thanks !

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196
    June 15, 2010 - 11:57 am

    Hi sirrobin

    Have a chat with:
    Lewis O’Brien
    Lewis O’Brien & Associates
    Commercial Lawyers
    Suite 4
    310 Whitehorse Road
    BALWYN VIC 3103
    Phone: (03) 9888 6388
    Fax: (03) 9888 6366

    A lot of our friends highly recommend him and, if he's not a specialist in asset protection strategies, I'm sure he'll be able to direct you to someone who is.

    Cheers,  Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of sirrobinsirrobin
    Member
    @sirrobin
    Join Date: 2010
    Post Count: 2
    June 16, 2010 - 8:03 am

    thanks Paul

    would appreciate if anyone else has any other recommendations

    Profile photo of Paul DobsonPaul Dobson
    Participant
    @pauldobson
    Join Date: 2003
    Post Count: 1,196
    June 16, 2010 - 8:35 am

    Hi sirrobin

    I forgot to mention Gatherum-Goss & Associates.  Dale Gatherum-Goss wrote a great book called Trust Magic.  They're definitely on the ball regarding asset protection.

    Their at  http://www.gatherumgoss.com/about-gatherum-goss/contact-gatherum-goss/

    Cheers,  Paul

    Paul Dobson | Vendor Finance Institute
    http://www.vendorfinanceinstitute.com.au
    Email Me | Phone Me

    An alternative way to finance your home.

    Profile photo of Greg ReidGreg Reid
    Member
    @greg-reid
    Join Date: 2008
    Post Count: 91
    June 16, 2010 - 9:40 am

    If you already own your home, it makes it more difficult and can be costly to try to do something after the event.

    Asset protection can fall in a number of categories, a legal structure like a trust or even transferring it all into a spouse's name depending on who is at risk of being sued, alternatively you can gear it so little equity is available making it uneconomical for a creditor to pursue you individually. Then there is insurance itself which may help cover some risks depending on your profession/industry.

    Sometimes accountants and solicitors are myopic about looking for solutions and only see what they sell.
    Good luck
    Greg

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