Asset protection
hi guys , my husband and i are health care professionals. we are wondering what are the options to protect our asset besides setting up a trust. Our accountant told us that we would not benefit from negative gearing if the investment property is in the trust. Moreover, the accountant also told us that the ownership should be 70% on my husband while i should have 30% as he earns higher income than me , this is for tax benefits. May i know what’s the difference between join tenant and tenant in common?
Please help us! Thanks
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