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Hi all,
Being just new to this site, I hope that Ed is still available to take questions!.Ed, I recently met with a mortgage broker and queried setting up trusts. I also raised the prospect of setting up a hybrid trust. This broker mentioned that these are an excellent vehicle to support Property Investors achieve what they want to achieve – but there is a legal case between the ATO and Chan & Naylor and it would be better to stay away from them for now until the case is closed (of course, this could take years!).
Can you please confirm if there is such a court case underway? If there is any other detail you can offer on hybrid trusts as I am a first time property investor and I am looking at ways to maximise the investment for my family.
Thanks.
Glenn
