Timing of Trusts

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

Time for new trust methinks.

N.

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

Dave