All Topics / Legal & Accounting / Trusts for an Individual

Viewing 4 posts - 21 through 24 (of 24 total)
  • Profile photo of JulianJulian
    Member
    @julian
    Join Date: 2003
    Post Count: 232

    I think the asset protction is the most we should concern.

    Julain

    THERE IS ALWAYS A BETTER WAY!

    Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844

    personally, i wouldnt be to worried about the asset protection, if you do have public liability insurance on your investment properties, but more for the flexibilty in small to large amounts of tax benefits and reliefs, you can claim and distribute.

    Cheers,
    sis

    People 4get that by saving just $3 a day & investing it sensibly
    over a working life, you’ll end up with around $1 million

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429

    SIS, you come back and say that you don’t care about the asset protection after you have been sued!!

    Public Liability should/will only cover you if someone is injured on your property. There are many other reasons soemone could sue you. You could be in a car accident, etc. etc. etc. ad infinitum. If we become more like America, there will be a lot of ‘nuisance’ cases, that will cost you a lot to defend.

    If your assets are protected, the other persons solicitor may not be in such a hurry to come after you.

    Cheers
    Mel

    Profile photo of PropertyGuruPropertyGuru
    Participant
    @propertyguru
    Join Date: 2003
    Post Count: 1,502

    Julian Asset protection and Tax benefits both.

    I am agreeing with Mel and other who uses Trust. Trust gives you flexibility and lot more protection then buying under your name.

    Cheers
    [:)]
    PropertyGuRu
    I want to be billionaire! [;)]

Viewing 4 posts - 21 through 24 (of 24 total)

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