Timing of Trusts

Discussion in 'Wills & Estate Planning' started by pjb89, 5th Sep, 2005.

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  1. pjb89

    pjb89 Active Member

    Joined:
    1st Jul, 2015
    Posts:
    27
    Location:
    Abu Dhabi
    Hiya

    We currently have 2 IP's and a vacant block of land conservatively valued at 800K+ held in our HDT and feel that we should be setting up another trust so as not to keep all our eggs in the one basket so to speak.

    What criteria should one use to trigger the decision to set up a new trust structure?

    Thanks in advance

    Pedro
     
    pjb89, 5th Sep, 2005
    #1
  2. Nigel Ward

    Nigel Ward Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    989
    Time for new trust methinks.

    N.
     
    Nigel Ward, 8th Oct, 2005
    #2
  3. D.T._

    D.T._ Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    54
    Hi,

    I'd say it depends on what your strategy is? Will you be investing further? Soon? Is there a total gross asset base you're aiming for? Do you want it divided evenly between trusts? Will future investing be mainly capital growth assets or cashflow slanted? How much need for asset protection do you need? What is the landtax rules in the state you're in?

    Food for thought :p

    Dave
     
    D.T._, 9th Oct, 2005
    #3
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