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HDT's

Discussion in 'Accounting, Tax & Legal' started by Bob, 17th Sep, 2005.

  1. Bob

    Bob Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    131
    Hi There,

    Is there anyone out there that has a HDT set up by Dale?? I submitted a copy of my HDT trust to Leveraged Equities for margin lending and they claim there is no power of attorney/delegation inside the trust. I presume that the HDT's by dale are pretty standard and wonder if anyone else has experienced this??

    Thanks

    Bob
     
  2. perky

    perky Well-Known Member

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    Location:
    Sydney
    Mine was set up by Dale in early 2003, I had no problem Margin Lending with BT for the wholesale fund.
     
  3. Bob

    Bob Well-Known Member

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    16th Aug, 2005
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    Thanks Perky,

    I don't know what's going on with mine...I got a feeling the solicitor from Leveraged Eq. didn't read it properly??? Without saying it outright in the trust, Para 6..Powers of the trust seems to be pretty self explanatory to me, hey what do I know???. I'll run it by Nick

    Thanks

    Bob
     
  4. Rolf Latham

    Rolf Latham Well-Known Member

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    15th Aug, 2005
    Posts:
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    Location:
    Gold Coast and Sydney
    Hiya

    I have had many a chat with lenders solicitors.

    Ive had it said that if you are arguing with an idiot, that then makes 2 of you........................

    My impression has been that they get so lost in the grey stuff that they forget simple black and white - like Trusts 101.

    ta

    rolf
     
    Last edited by a moderator: 18th Sep, 2005
  5. Bob

    Bob Well-Known Member

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    Posts:
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    hdt's again

    Thanks Rolf,

    I'll go somewhere else....someone else can have my business

    Bob
     
  6. Nigel Ward

    Nigel Ward Team InvestEd

    Joined:
    10th Jun, 2005
    Posts:
    1,172
    Hi Bob

    I'm aware that one HDT document provider has had this problem identified with their document in the very scenario you've outlined.

    If there really isn't an ability to appoint attornies under the doc I'd be going back to whomever I bought it from and requiring a free amendment pronto!

    Cheers
     
  7. Bob

    Bob Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    131
    Still more HDT's

    Nigel,

    Nick fixed it for me, he's a beauty


    Bob
     
  8. Glebe

    Glebe Well-Known Member

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    15th Aug, 2005
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    Location:
    Sydney, NSW
    I had a slight issue with my trust deed, was pretty easy to sort out. LE are worth sticking with.