Hello everyone out there, I am looking to start up a discussion and hopefully get some help at the same time. Yes, I am aware that I should speak to a lawyer and of course an accountant (more about this later). I have been reading whatever I can get my hands on (via websearching, forums, books-books and more books). But I am now so confused and worried that if I don't get the right help now - it's going to be too late and far too expensive to sort out any mistakes I might make from now on. It's very hard finding a good accountant (sorry if you are an accountant but from my point of view I haven't been successful in finding a good one). That's why I want to be more prepared. Here are my Questions; 1. Should I set up a trust fund. 2. What type or types would best suit our situation. 3. Any examples of structures (once the trust is set up) - can't find anything, anywhere about this - for mum and dad investors. 4. Future proof - should we set up a 3rd generation will (how does this tie into family trust fund) 5. Land Tax - (this question ties into Unit trust) see below 6. Discretionary trust with corporate trustee and unit trust - how does this work (need lots of information here), including how the structure would work after the trust/s are set up 7. Future purchases - buy more investment homes (preferably positive geared). and 8. Do we open up a new unit trust for each new property purchased. 9. We have some shares (in both our names), can we move them into a family trust fund - how would we do this and what costs would be involved? 10. In regards to previously purchased properties in Victoria, should we transfer these into trust fund (cost involved i.e stamp duty, land tax)? 11. If we buy investment properties today under a unit trust, can we somehow move them into a SMSF in the future. 12. How does a discretionary trust, purchased a unit trust to save land tax and buy an investment property (how does this work). 13. If we set up a family/discretionary trust now, do we just keep adding unit trust for each investment property. 14. Does anyone have a sample , diagram of what it all could look like on paper. 15. If were to set up Discretionary trust with corporate trustee ($2.00 company), I am still confused by what a corporate trustee does - Will this mean that the Discretionary trust lose the 50% gst tax discount and what is the small business cgt? 16. How does the type of DT with cT work? Do we pay dividends to share holders (I.e mum, dad, kids – tax 30%). Or do we only use the DT side of things to divert income to Beneficiary (taxed at each person own tax rate)? Here's my situation; Currently live in a small town in WA (therefore can't personally go around and talk to accountants - need to be able to contact them via email or phone ). No idea who's a good accountant for my situation. Any suggestions???? Partner earns $200,000 p.a + bonus Myself earn $20,000 p.a + no bonus We have 3 children (school age) 2 negative geared properties in Melbourne Some shared in both our names Super is stuck in Military Super (as far as I know we can't get this out until retirement age in another 10 years). Anyway, as you can read, I have alot of questions, alot of things to think about and would appreciate any help. I'm also hoping this thread will help other people - surely, I'm not the only one confused. Thanks in advance.