All Topics / Help Needed! / Asset Protection

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  • Profile photo of kristykristy
    Participant
    @kristymckee12
    Join Date: 2015
    Post Count: 19
    August 13, 2015 - 4:29 pm

    Hi There,

    I have recently purchased my first investment property> I currently have house insurance and am going to look into landlord insurance.

    I would like to know what every one else uses as asset protection?

    Thanks,

    Kristy

    Profile photo of ScottsdaleScottsdale
    Participant
    @scottsdale
    Join Date: 2011
    Post Count: 63
    September 1, 2015 - 10:24 am

    Good start with taking out house and landlord insurance. I hope you went with the most comprehensive options… With your house insurance make sure it covers ‘uninvited guests’. Income protection insurance would also be a good idea, especially if you’re negatively geared.

    Depending on the level of protection you want it would be worthwhile looking into trusts. Google the pros and cons and see if that piques your interest. A good place to get started is a book called Trust Magic by Dale Gaterum-Goss.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 1, 2015 - 12:35 pm

    Depends what you are trying to protect from?

    If bankruptcy you are a bit late.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 3 posts - 1 through 3 (of 3 total)

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