A Beginner's Guide to Trusts

  Рет қаралды 19,718

Lawpath

Lawpath

Күн бұрын

Пікірлер: 19
@suavehit
@suavehit 3 жыл бұрын
What a great, detailed expalanation for beginners of what a Discretionary Trust is and how it works, the relationships of the key roles, and the obligations of each. Thank you for your work and time.
@Milly5288
@Milly5288 Жыл бұрын
Oh WOW what a great explanation. Thank you so much. Love from Australia ❤
@melissakeenan8878
@melissakeenan8878 Жыл бұрын
I finally understand it!! Thank you! Excellent explanation! Wish I can show you the diagrams I created based on your explanation.
@jeffreybean5466
@jeffreybean5466 2 жыл бұрын
Thank you. Can you be the appointor, the trustee and one of 4 beneficiaries?
@ScottBuckley
@ScottBuckley Жыл бұрын
Great explanation - this has helped me so much!
@vanessawoo6980
@vanessawoo6980 3 ай бұрын
Can you please explain who usually sets up the Testamentary Trust for the beneficiaries ie. solicitor, accountant, financial advisor, someone else?
@polinasasko2939
@polinasasko2939 2 жыл бұрын
Great explanation! Thank you very much! You deserve so much more of likes!
@jpbeaudoin3599
@jpbeaudoin3599 9 ай бұрын
Great video! Very well explained. Could you possibly do a video or comment how you fund a trust to buy property? I plan to buy an IP under a trust. I will provide the deposit but will also incur losses throughout the first few years. Can I just transfer money in and out from my personal account into the loan account (offset) related to the asset under the trust? What if I want to park all my cash into the trust offset account, can I still use it for everyday transactions regarding my individual needs? Thank you very much!
@X10-bz
@X10-bz Жыл бұрын
I have a discretionary trading trust , that I know very little about, I am now in bankruptcy can I use the trust to do new business
@reginaldt154
@reginaldt154 Жыл бұрын
Wow amazing thanks for the clarification
@rabih9451
@rabih9451 2 жыл бұрын
Question: if you have a family trust, with a company as trustee. If you sell a property owned by the trust, does the money you receive from the sale goes into a bank account in the name of the trust or the company that is the trustee?
@kunalpatel5645
@kunalpatel5645 2 жыл бұрын
Trust.
@thisistheendpt2
@thisistheendpt2 2 жыл бұрын
Can one be both the appointee as well as the settlor?
@JasKhalid
@JasKhalid 2 жыл бұрын
Is this the same for Australia?
@billedifier8584
@billedifier8584 2 жыл бұрын
yes, it is Australian law
@nooshy9704
@nooshy9704 4 ай бұрын
Are you an Australian or American lawyer ?
@susmusmanoj112
@susmusmanoj112 8 ай бұрын
Mate that's the best video on the internet !! 🤩🤩🤩🤩🤩 Fucke me dead !! Literally no one has ever explained in such a manner 😮😮😮😮😮😮😮
@ridgesiofele485
@ridgesiofele485 7 ай бұрын
Thank You
@fifthdimension1984
@fifthdimension1984 Жыл бұрын
The $70 k distribution will not magically be $50k for you, $20k for the wife ( not working) and $10k each for 2 kids. This equals $90k !!!
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