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Timing of Trusts

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

  1. pjb89

    pjb89 Active Member

    Joined:
    1st Sep, 2005
    Posts:
    29
    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
     
  2. Nigel Ward

    Nigel Ward Team InvestEd

    Joined:
    10th Jun, 2005
    Posts:
    1,172
    Time for new trust methinks.

    N.
     
  3. Dave

    Dave Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    57
    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