In the old days someone expecting to go bankrupt would separate from their spouse and transfer to that spouse all or most of their assets on the...
Tax Tip 567: Transferring Company shares to a Holding Company without CGT It is possible to insert a company between the shareholder and the...
Hi guys my mortgage broker has proposed we set up my loans as the following for my IP Loan A 300k PPOR (current loan) currently fixed till feb...
A creditor is someone that is owed money. A secured creditor is someone who is owed money and has taken some sort of security for that loan....
When a person becomes bankrupt the trustee in bankruptcy comes in and ‘steps in their shoes’ and has the power to sell assets of the bankrupt and...
There are 2 ways to hold an asset jointly with someone else a) Tenants in Common, or b) Joint Tenants The main difference between the 2...
When one Joint Tenant becomes bankrupt their Joint Tenancy is severed and the other owner will end up owning the property as Tenants in Common in...
Hi all We recently sold our PPOR and are looking at buying a new one, so I thought it’d be a good chance to make sure the next purchase is...
Seeking contact information for experts of various forms to provide assistance for a friend in a bit of a situation. Strata title apartment...
I will use this thread to record cases that relate to asset protection. I will add new cases as they appear and sometimes add in old cases when I...
It is possible to give a power of attorney to someone just for one asset or transaction rather than an open ended power over all assets. This...
Before you enter into bankruptcy you should always prepare ahead. With estate planning the main things to consider are: 1. Bankruptcy...
I know a guy who is a manager of a government agency. He is under police's investigation (not charged yet) for unlawful misuse of power (the max...
Being an executor is a risky job. They can be sued by beneficiaries if they do something wrong, or even if not necessarily wrong, but they cause...
An attorney has great powers which they can abuse. The abuse can be intentional or unintentional. This can lead to a loss of assets and they may...
What happens to a lease if the tenant becomes bankrupt? A lease is a contract between a tenant and a landlord. If a person becomes bankrupt the...
What happens if someone has given a mortgage over their property to 2 different people and a default occurs and the value of the asset is not...
Legal Tip 371: You are Not the Only Beneficiary of that Discretionary Trust! I often hear clients telling me that they are the only beneficiary...
We're setting up a family trust, we will only buy ETFs in this ABC Trust, no property to be held by this trust (as per Terry legal tip). All our...
Do you think this might work from asset protection perspective? Thinking about the following theoretical scenario: An IP increases 100k in...
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