In this thread I am going to keep a record of all the news articles relating to unusual incidents which result in people and companies getting...
Last time we learned that Bare Trusts are really just like legally owning an asset if the beneficiary became bankrupt: Legal Tip 306: Bare Trusts...
A bare trust is a trust where X holds assets for Y with no discretion involved. Y is absolutely entitled to both the asset and the income from the...
A friend is in the enviable position of being offered a role with a successful small business. The role is quite senior and will require them to...
A holding company is a company that owns the shares of another company. It is often used as an asset protection strategy so that the profits of...
People set up trusts and think to themselves this is ‘my’ trust. This is not actually the case, even if you are the sole trustee, appointor and...
Litigation can be used as a strategy by related parties as a way to improve asset protection, and even tax outcomes. Related entities can sue each...
Hi Everyone, Could you please suggest me some books on asset protection, you guys would have read or aware of. 1. Asset protection 2. Trusts...
I’m looking at starting a property maintenance / soft landscaping business anyone got any tips or advice with initial structure to assist with...
PPOR in my name and I work in profession at high risk of litigation. A small amount is left to pay off the mortgage. Planning for wife to take...
A promissory note is like an IOU or cheque, it is basically a promise by someone to pay someone else money. It is not a loan as that is where...
There are many asset protection promoters out there promoting dubious strategies which do not work. One strategy involves gifting ‘equity’ in a...
What are the options for asset protection for properties purchased in your own name?
There will be several changes to the law to help companies and individuals stay afloat during this period of economic turmoil. a) Statutory...
Generally, discretionary beneficiaries under a trust have only one right, and that is the right to be considered when the trustee distributes...
When a building works are done any defects are covered by statutory warranties. In NSW the Home building Act 1987 (NSW) can apply. Major defects...
Bob's back and he is worried !! He has $1m in cash at the bank in his development company and wants to protect his hard earned cash. What can Bob...
Hi, I bought a property when I was in my mid 20's and a few years later I started a business. On advice from my accountant I've set up a Trust...
When you are impecunious you have no assets. When things go wrong you can use this as your bargaining tool. Bankrupting you will result in costs...
Legal Tip 257: Dangers of having a friend act as trustee and mortgage your property There is a dangerous strategy being promoted out there...
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