There is a wealth of information here and I have looked for answers but come up short. Apologies if my question below has been answered already -...
When lending money to third parties you have to think ahead on what can go wrong and the implications of this. You will be surprised how many...
It is rare, but I have seen at least one discretionary trust set up that did not have an appointor position. No one had the power to remove the...
Originally this was an answer at Legal Tip 11: Other legal ownership structures There seems to be a general confusion out there about...
A lot of people confuse the concept of being a ‘sole trader’ or ‘running a business’. A sole trader is not a separate entity, in either tax or...
Legal Tip 344: Unpaid Trust Entitlements and Asset Protection Unpaid present entitlements are debts ‘owed’ by a trust to a beneficiary. They are...
Hi all, I worked for approx. 3 years at a liquidation firm so though it might be useful to share some of my experiences to help those consider...
Hi All, Can second mortgage be used for asset protection have an indefinite and interest free loan agreement. This way there's no tax income etc...
Legal Tip 341: Pretend loans, Mortgages and Asset Protection One legitimate asset protection strategy is to give away someone and then borrow it...
A lot of people send me juicy emails from their work email account. Best practice is not to use your work email for private things, especially...
Some say that holding assets jointly as Joint Tenants is the same in terms of asset protection as holding those assets as Tenants in Common in...
To those out their who have stated their own companies etc - I've been approached to get involved with a startup, and in addition to shares, been...
When a borrower can’t pay their loan, under residential finance the lender will be able to take possession of the property used as security for...
Hi all Not sure if this is the right section, but here goes ... I have 2 young kids, aged 6 and 3. I am aware that each of them stands to...
Dated but interesting read Is superannuation the safest vehicle? What happens when a tenant sues the owner(SMSF Trustee) of a property? Do...
Under a family law property settlement due to a break up of a relationship ‘full and frank disclosure’ by the parties is necessary. Without full...
Unlike companies trusts are not separate legal persons. When a trust enters a contract it is the trustee that enters it. The trustee is personally...
I was amending a trust deed for a client and came across some poor wording which could have exposed all of the asset of the trust to creditors....
I get a lot of emails asking me about ‘Vestey Trusts’. There is no such thing at law as a vestey trust! You will not find it mentioned anywhere...
Wage theft has been criminalised in QLD. An employer who underpays wages could be charged with theft for underpaying staff. Furthermore,...
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