In the latest instalment of our Legal Education Series, Australian lawyer Damin Murdock answers the most pressing legal questions businesses face. In this episode, Damin provides an overview of trusts.
Жүктеу.....
Пікірлер: 17
@suavehit2 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.
@jeffreybean5466 Жыл бұрын
Thank you. Can you be the appointor, the trustee and one of 4 beneficiaries?
@Milly528810 ай бұрын
Oh WOW what a great explanation. Thank you so much. Love from Australia ❤
@melissakeenan88787 ай бұрын
I finally understand it!! Thank you! Excellent explanation! Wish I can show you the diagrams I created based on your explanation.
@ScottBuckley10 ай бұрын
Great explanation - this has helped me so much!
@polinasasko2939 Жыл бұрын
Great explanation! Thank you very much! You deserve so much more of likes!
@reginaldt154 Жыл бұрын
Wow amazing thanks for the clarification
@jpbeaudoin35993 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!
@susmusmanoj1122 ай бұрын
Mate that's the best video on the internet !! 🤩🤩🤩🤩🤩 Fucke me dead !! Literally no one has ever explained in such a manner 😮😮😮😮😮😮😮
@MFXclub 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
@thisistheendpt2 Жыл бұрын
Can one be both the appointee as well as the settlor?
@ridgesiofele4852 ай бұрын
Thank You
@rabih94512 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
2 жыл бұрын
Trust.
@JasKhalid2 жыл бұрын
Is this the same for Australia?
@billedifier8584
2 жыл бұрын
yes, it is Australian law
@fifthdimension198410 ай 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 !!!
Пікірлер: 17
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.
Thank you. Can you be the appointor, the trustee and one of 4 beneficiaries?
Oh WOW what a great explanation. Thank you so much. Love from Australia ❤
I finally understand it!! Thank you! Excellent explanation! Wish I can show you the diagrams I created based on your explanation.
Great explanation - this has helped me so much!
Great explanation! Thank you very much! You deserve so much more of likes!
Wow amazing thanks for the clarification
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!
Mate that's the best video on the internet !! 🤩🤩🤩🤩🤩 Fucke me dead !! Literally no one has ever explained in such a manner 😮😮😮😮😮😮😮
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
Can one be both the appointee as well as the settlor?
Thank You
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
2 жыл бұрын
Trust.
Is this the same for Australia?
@billedifier8584
2 жыл бұрын
yes, it is Australian law
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 !!!