Hi all I have joined this site last week and am enjoying reading the articles and opinions. My primary interests concern: bonds and investment property. I would like to learn more about commercial property as well. I am early 40's. I have set up a discretionary trust for the short and medium term and am setting up a SMSF for the long term. I would welcome advice from anyone with experiences in the do's and don'ts. Cheers Tom
Tom, Why have you set up a trust and a SMSF? What are you trying to achieve with these and in what time frame? The do's and dont's may be a little late depending on why you have already set these up. I have found often accounting firms suggest these to clients but do not achieve what you need or delay the process or simply cost more. They certainly assist the accountants in terms of fees. That said, there are many good reasons to use other vehicles (mainly asset protection), depending on your circumstances and goals. Greg
