I get the point. The point is parents should buy assets in their own name and pass onto their kids upon their death rather than use trusts for...
That's some interesting assertions. Overly simplified one dimensional view of why trusts are used in my humble opinion I would suggest family...
Hi omnidragon Yes probably could have been structured better Although probably a good thing the kids never got distributions with all going to...
Thanks Terry appreciate your insights
Very interesting Although in that spry case it seems the husband had control over the trust Where in the other case the husband was a non...
I took what you meant to be like this; Let say husband and wife are a young couple and have minimal assets let's say 100k net of debt But the...
Yes of course
Interesting thanks very much for explaining That is promising as in this case the trusts assets far exceed the assets of the childs relationship...
Hi Terry I think this case I found after looking at the case you suggested is more relevant (beneficiary of a family trust controlled by parents...
Hi Terry Had to Google that lol Does inter vivos count in this scenario Because the beneficiary of the distributions to date has been a...
I agree regarding assets derived directly via the partnership but not via a future inheritance from parents
Thanks for that insight wylie. In this instance where it's the parents blood sweat and tears to put aside assets for their kids it would be...
Thanks ill do some reading
Children's parents are the directors of all companies and trustees are that company. most of the assets were acquired before the children grew up...
If a debt free property asset is purchased by a family trust with children as beneficiaries Can any of the children's wives in the event of a...
Haha chill out bloke you'll blow a gasket The Australian is a great paper Their opinion pieces are particularly entertaining to read. Hopefully...
Yeah good point Wouldn't be surprised if some labor pollies are counting on this and behind the scenes they really don't want it implemented
Yes that is the silver lining But it is worrisome that borrowing capacity cuts are only going to get worse if this policy change occurs Will...
House market not geared for ALP (Behind paywall) Property market not geared for Labor negative gearing ban STUART WEMYSS The ALP’s proposed...
You clearly don't understand the point I raised What is more important ? OUTCOMES based improvements to the environment? Or idealistic...
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