A cautionary tale from the SMH:
http://www.smh.com.au/business/beware-the-pitfalls-of-real-estate-held-in-trusts-and-sting-of-breaking-law-20130830-2swcn.html
So, if you are setting one up to buy property, set it up right from day one.
Very true SNM i see it every day of the week.
Actually had Solicitor client only last week who signed the contract in the wrong name despite me telling him on a couple of occasions.
The other error we see a lot is the Certificate of Insurance as many clients believe this goes in the Security trustee name which of course it does not
Totally agree no problems in buying in Super but make sure you use someone who has done one or two of them before.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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