Equity trust transfer

Discussion in 'Wills & Estate Planning' started by Keentolearn77, 17th Jul, 2019.

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  1. Keentolearn77

    Keentolearn77 Well-Known Member

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    hope of got the appropriate forum.

    I’ve heard a little about asset protection and one such method of recent times being equity trust transfer....
    Along the lines of the equity you may have in your property/s can be locked away in a trust, whereby god forbid any creditors seeking that equity will not be able to because its in a trust.

    Does anyone have a whole lot more info on this....
    How it’s legal?? Process and costs involved to set this up, and managing costs ongoing??

    Cheers
     
    Keentolearn77, 17th Jul, 2019
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    First question to ask is is does it work?
    Then what are the tax comsequences
    And then what are the risks and consequences
     
    Terry_w, 18th Jul, 2019
    #2