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Not on Title but on WILL

Discussion in 'Property Finance' started by klabat, 22nd Sep, 2015.

  1. klabat

    klabat Well-Known Member

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    Could you use the WILL component of a share in the assets to extract equity?

    Or does it need to be your name on the title?
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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  3. wylie

    wylie Moderator Staff Member

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    The will can be changed. o_O
     
  4. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    What does that mean?
     
  5. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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  6. larrylarry

    larrylarry Well-Known Member

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    Will only takes effect upon passing of the testator.
     
  7. spludgey

    spludgey Well-Known Member

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    I've got no money in the bank, but I've got a lottery ticket for tonight's draw, can I use that as a deposit?
     
  8. skater

    skater Capitalist -- www.skatepro.com.au Premium Member

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    I'd rather have the person alive, than a share in their money.
     
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  9. wylie

    wylie Moderator Staff Member

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    ... And I know all about that o_O
     
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  10. Nemo

    Nemo Well-Known Member

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    Hopefully they live a long life and get to spend it all themselves.
     
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  11. York

    York Finance Broker Business Member

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  12. Perthguy

    Perthguy Well-Known Member

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    My parents were very averse to "spending our inheritance". It took years to drum it out of them. At first is was... no, we don't want to spend your inheritance. Then it was, we really need a new car, can we buy one? I kept telling them, it's your money, enjoy it while you can! Now they say: we are going on anther cruise. And I say... have fun! :) Besides that, they are property investors... :cool:
     
  13. dabbler

    dabbler Well-Known Member

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    LOL....exactly what I thought.......higher thinking ? but then we are all spending others money these days, so why not the portion you expect to inherit, make it non recourse and I am in.

    @York Polides yes, like the one on the NB thread who wants to find out more about NB and get onto it......but does not like the search functions or doing own research.
     
  14. sumterrence

    sumterrence Well-Known Member

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    I believe you just solved his problem lol