Equity Transfer Trusts...

Anyone familar with Equity Transfer trusts, I've heard a little about them, just wondering what sort of costs would generally be involved to set this up....

 

How do you think it works?

 

Yes I am familiar. Costs would depend on a lot of things but from $2k up

 

Terry can you share the basic ideas?

 

Chan & Naylor trademarked ?? Wonder if its as tested as hybrid discretionary trusts and the various claims about them over time.

I always have concerns when I see a TM beside a trust deed. Its not like common law can be trademarked. The effectiveness of a trust that seeks to transfer accumulating equity over time into a trust has to leave some exposure since the apparent mechanism that seeks to strip equity is a related party loan. There is also a time during which a clawback may apply. Could this expose the present and earlier trust interest ?

INDEPENDENT legal advice would be wise. And there are other similar options. Especially since C&N for example arent lawyers.

 

Most of the so called equity transfer trusts out there will not work. They involve gifting equity which will not work. There are even some lawyers promoting this ineffective methods.

 

Cheers Terry

I thought in not as many words that it sounded to good to be true

 

Have a captain cook at this
Legal Tip 227: Mortgages to Trusts Parties and Bankruptcy Legal Tip 227: Mortgages to Trusts Parties and Bankruptcy