hi all,
i would like to find out a little more about unit trusts, so if you have a web site tha will help or a good book that breaks down how they work and the legal requirements.
any help with this will be greatly accepted.
Not sure you will find too many websites with information however feel free to ask away here and hopefully we can answer any questions you might have.
A Unit Trust is a fairly easily entity so not much to them.
Check our a standard Unit Trust Deed and you will see some of the suggestion pecularities.
Richard Taylor | Australia's leading private lender
Does anyone know which lender will lend to Hybrid trusts on A lo doc?
St George and MAcquarie are lenders I have recently used for hybrids
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
hi all,
well since i have never heard of a unit trust before i would like to know everything, how they work with property, how they share risk, what is needed to start one and how much will it cost to keep it (running costs). ?????
surely there has to be some kind of infomation out there on these, how does anyone learn about them.
brain fart, people would learn this type of product at a university, which means that they have to have some information on them. thanks for the brain storm.
There is probably a lot out there on unit trusts, but they are pretty straight forward – so there won't be much in depth. have a look at http://www.lawcentral.com.au for starters.
Unit trusts are similar to companies in some ways – the trust ownership is broken up into units (like shares in a company) and the unit holders get income according to their share of the ownership. So they are good for separate/unrelated people to do some sort of business together. Often people have their units owned by a discretionary trust, tso they can then tax effectively distribute the profit from the unit trust.
Unlike companies, the details of the units are private – you cannot search who owns what units. Names, address, DOB, place of birth of unit holders etc is not publicly displayed like that of shareholders in a company.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.
