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Structure your Trust the right way

Article Date : Monday, July 07, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

I have often been asked whether we should have an individual as Trustee, or a Company as Trustee of a Trust? To answer that correctly we need to "start with the end in mind". What is the ultimate goal?

Are you simply going to buy one or two properties, or are you going to buy quite a few? From an Asset Protection point of view, if you are only going to buy one or two properties than perhaps using your selves as Trustees will be sufficient. However, if you are planning to buy lots of properties over the years then we definitely recommend a Company as Trustee.

Why? Click here to find out ...

Article provided by Propertyupdate.com.au.
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DISCLAIMER: The opinions expressed here are the views of the author of this news item and do not necessarily reflect the views and opinions of Propertyshowrooms.com.
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