What Structure? [blink]

Viewing 5 posts - 1 through 5 (of 5 total)

Swifteagle
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@swifteagle
Join Date: 2006
Post Count: 34
May 20, 2006 - 6:18 am
How are you all? I hope you are all doing well in health and investing![suave2]
I am wondering if any of you would be able to give me a hand with structures!
I am single and will be buying buy my self.
I am looking through my books but they dont talk to much about structures, I am thinking about a family trust, any one knows whats best for tax, protection and for a single male (what structure)? or any one knows what book should I get so i can read it and learn?
Thank you so much once again for your help.
Swifteagle.[evo][blink]
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
May 20, 2006 - 9:26 am
Have a serious look at Hybrid discretionary trusts. They are very good for holding property as they allow you the benefits of negative gearing plus a whole range of other benefits.
There are a few newer books out there, but one of the best and easiest to understand is Dale Gatherum Goss’ “Trust Magic” http://www.gatherumgoss.com
Terryw
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cata
Participant
@cata
Join Date: 2005
Post Count: 559
May 20, 2006 - 8:50 pm
You will need your investment stratagie sorted out before you look at structuring.
Will it be -ve gear or +ve gear?
Buy and hold
Develop
You get the idea. This will steer your structuring in the right direction.
There is plenty of good books out there that will give you a good understanding.
A quick tip, Family trusts are limiting for income distributions if you are single.
CATA
Asset Protection Specialist
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Swifteagle
Participant
@swifteagle
Join Date: 2006
Post Count: 34
May 21, 2006 - 3:41 am
Thank you guys for your answers!
I am looking getting into + gearing!
Any Ideas?
Thanks[exhappy]
cata
Participant
@cata
Join Date: 2005
Post Count: 559
May 21, 2006 - 4:17 am
Everyone is in a different situation so it is best to talk to someone who knows structures well, but you will possibly get conflicting advice from different people.
You will also need to think about how far you want your investing to go, how many IP’s.
Look into a corporate trustee with either discretionary or hybrid discretionary trust.
Hope this helps
CATA
Asset Protection Specialist
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