Sorry all, probably answered in other posts, what/where is the best place to start to set up a trust (Western Australia), prob very simple, but forgive a new starter.
Which sort of trust? Company etc
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
I believe a family trust? what is the best trust to set up? as per Steves book, to set up the trust to buy the IP and the company guarantors the purchase (this bit I get) Sorry all, very green and just getting my footing..
Contact your accountants to discuss what you need & what you are setting out to achieve. Contact your solicitor regards setting up the required structures. 2 different requirements.
Scott No Mates, thanks so much for that, would you know, if you have read it, is "Trust Magic" still a current book for todays world? Would or could you recommend any other literature to read to raise my knowledge level on this subject?
Hi Dippa
If you care to flick me an email i will send you a complimentary copy of Trust Magic.
Certainly not a bad place to start.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
trusts depend really on your needs – Just had a discussion on the best set up from my accountant
It depends on if you need negative gearing or not as the wrong trust may not allow negative to flow through to the beneficiary.
so talk to your accountant to match you needs..
Cheers for that Duckster, will book that chat next time I'm in the big smoke.
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