Hi, I am seeking advice. A very close friend is wishing to purchase 2 properties and has asked that they be put in my name due to protect them from possible future litigation. These properties will be purchased outright with no mortgages however I wonder what the implications, tax etc would be for me. Said friend is willing to draw up legal documents stating acceptance of responsibility for any costs that may be incurred both on purchase and on any future sale of the properties, though I suppose I just want to safeguard myself from any and all situations. Any help would be greatly appreciated though I suppose it would be silly of me not to seek professional advice. Said properties are in NSW. Thanks in advance.