What a great, detailed expalanation for beginners of what a Discretionary Trust is and how it works, the relationships of the key roles, and the obligations of each. Thank you for your work and time.
Great video! Very well explained. Could you possibly do a video or comment how you fund a trust to buy property? I plan to buy an IP under a trust. I will provide the deposit but will also incur losses throughout the first few years. Can I just transfer money in and out from my personal account into the loan account (offset) related to the asset under the trust? What if I want to park all my cash into the trust offset account, can I still use it for everyday transactions regarding my individual needs? Thank you very much!
Question: if you have a family trust, with a company as trustee. If you sell a property owned by the trust, does the money you receive from the sale goes into a bank account in the name of the trust or the company that is the trustee?
What a great, detailed expalanation for beginners of what a Discretionary Trust is and how it works, the relationships of the key roles, and the obligations of each. Thank you for your work and time.
Oh WOW what a great explanation. Thank you so much. Love from Australia ❤
Thank you. Can you be the appointor, the trustee and one of 4 beneficiaries?
I finally understand it!! Thank you! Excellent explanation! Wish I can show you the diagrams I created based on your explanation.
Great explanation - this has helped me so much!
Can you please explain who usually sets up the Testamentary Trust for the beneficiaries ie. solicitor, accountant, financial advisor, someone else?
Great explanation!
Thank you very much! You deserve so much more of likes!
I have a discretionary trading trust , that I know very little about, I am now in bankruptcy can I use the trust to do new business
Great video! Very well explained. Could you possibly do a video or comment how you fund a trust to buy property? I plan to buy an IP under a trust. I will provide the deposit but will also incur losses throughout the first few years. Can I just transfer money in and out from my personal account into the loan account (offset) related to the asset under the trust? What if I want to park all my cash into the trust offset account, can I still use it for everyday transactions regarding my individual needs? Thank you very much!
Question: if you have a family trust, with a company as trustee. If you sell a property owned by the trust, does the money you receive from the sale goes into a bank account in the name of the trust or the company that is the trustee?
Trust.
Is this the same for Australia?
yes, it is Australian law
Wow amazing thanks for the clarification
Can one be both the appointee as well as the settlor?
Are you an Australian or American lawyer ?
Mate that's the best video on the internet !! 🤩🤩🤩🤩🤩
Fucke me dead !! Literally no one has ever explained in such a manner 😮😮😮😮😮😮😮
Thank You
The $70 k distribution will not magically be $50k for you, $20k for the wife ( not working) and $10k each for 2 kids. This equals $90k !!!