Trusting others with your Asset Protection I have seen a number of people who have set up asset protection strategies whereby they use other...
When someone becomes bankrupt the trustee in bankruptcy (TIC) will step into the shoes of the bankrupt. The TIC will become the legal owner of the...
Hi, A little bit about me first - my partner and I are looking to purchase our first house, cost is approx. $1m inclusive of stamp duty. This...
Hi all, so I am putting my first property purchase into my newly made family trust, because after 1-2 years I will be using this as an IP. Is this...
A Unit Holder of a Hybrid Trust Becoming Bankrupt Let’s consider Hybrid Trusts and asset protection on the bankruptcy of the unit holder. I don't...
Hybrid Trusts and Asset Protection With trusts there are 2 levels of asset protection to consider: 1. Protection if the trustee is sued 2....
Legal Tip: Arguing a Trust on Bankruptcy When a person goes bankrupt what they own legally may not be what they own beneficially. In a recent...
The Gift and Borrow Back Strategy and Tax The gift and borrow back strategy is often used as an asset protection strategy. I have written about...
Trusts and Your Assets and Liabilities Statements I recall myself being confused in the early days when drawing up assets and liabilities...
Trusts and Present Entitlements There is a concept in trust law that involves a beneficiary being entitled to income and/or capital of a trust. A...
More and more I am seeing people who refrain from entering relationships because of a fear that the relationship may end up with them losing a...
Properly Documenting Gifts It is very important to properly document any substantial gifts made. This needs to be done to avoid disputes over...
Moving existing assets into a trust Some people want to get their existing assets already owned into a discretionary trust. The reasons they...
The gift and borrow back strategy, Part 1 There is an asset protection strategy which involves giving something away and then borrowing it back...
When a trust is settled the only assets are generally the initial settled sum which will be $10 to $50 generally. So how does a 'trust' buy...
Appointors, Bankruptcy and Asset Protection When a person becomes bankrupt all of this ‘property’ vests in the trustee in bankruptcy. Property...
Spendthrift Children and Inheritance Do you worry about leaving your children large sums of money only for them to spend it all in the first few...
What is a Constructive Trust? In certain situations there is a trust like relationship when there is no formal trust set up. The courts can...
Where A provides money for a property purchased in the name of B it will be presumed that B holds the property in trust for A. This is known as a...
The concept of ‘Present Entitlement’ This is a concept related to trust law. A beneficiary of a trust, including a deceased estate, is not...
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