What does he charge?

That is generally the way to go Keith. But it is also important how the trust is set up and how deals are structure, who guarantees what, what is used as security etc too.

When talking about asset protection people are usually talking about keeping assets from creditors in the event of bankruptcy. Other things to consider are family succession plans and family law issues.

Imagine you having spend thousands on legal advice and having a great asset protection plan in place and then your spouse dies leaving you the house – or one of/ both of your parents.

First thing to do is to get some legal advice. Especially with that much cash. You need asset protection and structure set up and loan agreements etc.

1. This will depend on a lot of factors.

2. Yes. expensive and time consuming and you will greatly weaken any asset protection.

3. Trustee probably shouldn't be beneficiaries – depending on the wording of the deed. Any distribution made is taxed in the hands of the recipients, including the trustees personally. If the income isn't distributed the trustees will pay tax on it at top marginal rates.

4. Why do you want a property accountant?

Above you said she is on a taxable income of abotu $30,000. Tax on this would be about $2200 or so. $100 per week in tax savings = $5000 pa. Something doesn't add up??

Is there much chance of good capital growth in Gunnedah?

You also have to assess the opportunity cost of holding these. If you sell it will improve serviceability, possibly assist you in paying down non deductible debt, and allow you to get into investments with higher returns (possibly).

It is the lender's money and they are the ones that give the discount. Brokers can assist by knowing what the going discount rate is. Your financial status is not the main factor, rather it is the size of the loan, the size of the total borrowings, the LVR, the other products that you may be taking or have and sometimes profession – medical for eg.

Accountants often get it wrong.

But will the ATO be that strict? Maybe they will accept it was a mistake and consider it never happened.

Before you start investing again you need some professional advice.

You will likely be a non resident for tax purpose and this will mean a whole new approach is needed. You also need to consider asset protection and tax strategies for your money.

YOu only need proof if you are asked to substantiate.

Also consider, electricity usage and connection in your name, photos, statutory declaration from you and others. phone records, emails, water usuage and connections, electoral roll,