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Do not rent me .com
Topic Started: 16 Sep 2015, 11:28 AM (5,171 Views)
Blondie girl
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stubby
16 Sep 2015, 04:09 PM
Maybe it's all just a communications problem, fuelled by alcohol...?

:lol :lol :lol
So
I've posted an error in one of my words and I'm piddled am I?
(" from instead of front")
Obviously you've not witnessed some incompetent PM who have no idea about responding appropriately to very aggro tenants who can be difficult and not just give in and agree with what they're on about...
Hmmm.
Some of these PM are very young females who don't have much confidence in dealing with various tenants who can be difficult, ( male and or female) , don't understand basic home maintenance issues. I've only known just a couple over the time who have been very confident in interacting well and don't take crap easily. Unfortunately the turn over of staffing is high in the RE industry and many do move on .


peter fraser
17 Sep 2015, 09:52 AM
No Paul all you have to do is transfer the house to a trust and then relinquish control of the trust to another family member. Better still the house should have been bought by the trust in the first place. Lots of well off people do this, but battlers don't. They have faith that their government to look after them.

It's only included as an asset within a trust if you control the trust. A beneficiary is different again. You can receive an income from a trust as a beneficiary, but not have control, so the income is included but not the asset.

It doesn't matter what the asset is. Pauks family trust may own shopping centres for all we know, and good luck to them.

You set up a holding company "Herbie Pty Ltd" and that company is the trustee for "the Herbie Family trust" and then buy all assets in the name of the trust. Before you retire you transfer control to your children on the understanding that you can live the rest of your life in the house and then they can do whatever they want. transferring control is just a matter of stepping down as the director and electing your son or daughter to the position.

Then it's not your asset and it doesn't affect your eligibility for a pension. If the trust earns an income, then any income distribution is counted, but the trust only has to distribute income if and how it chooses to.

It's gaming the system, but perfectly legal. Wealthy people do it quite often and I've certainly considered it, but battlers don't, and it's battlers who Pauk is attacking. I don't care about multi millionaires, they will survive OK, but a battler who wants to die in their family home shouldn't be evicted just because they got a bit lucky.
Yeah, it's about gaming the system and stuff is made to make it legal.

A couple of issues I've had to learn over time..

.happy families tend to be founded on the quality of trust.
.moving from various generations the wealth needs to be controll ed and distributed by a greater amount of people, this is where family trust stuff has its pitfalls the discretionary aspect is not for just the super rich. Part of the issues is all the wealth is tied up together.
. Understand what could be potential disputes, it's not always easy to have happy families all the time, things do happen ( in which has had a small impact and was revised)
The use of mediation ( family stuff)and arbitration ( commercial stuff).


Seems a bit of " Paul bashing happening with the trust stuff.

Edited by Blondie girl, 17 Sep 2015, 03:15 PM.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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herbie
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Blondie girl
17 Sep 2015, 02:54 PM
Seems a bit of " Paul bashing happening with the trust stuff.
He does go cruising for a bruising when he spends years rabbiting on about how much the sperm lottery sux and inclining to the view that death taxes would be nice and that as a 'Scientific Socialist' he just isn't all that big on the concept of families building wealth over generations but is actually a multigenerational trust fund kid himself with the fund being set up my his great granddaddy to which his granddaddy and daddy both added when they croaked to benefit him as he fully intends to do when he croaks to benefit his though Blondie?

Add that one to all his other various apparent 'inconsistencies' and he does start sounding incredibly iffy - Leastways he does to me what's read his shit all just a bit too much over too many years to think it's coming from an individual who has any fundamental credibility or personal integrity.
Edited by herbie, 17 Sep 2015, 09:03 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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ThePauk
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herbie
17 Sep 2015, 08:46 PM
He does go cruising for a bruising when he spends years rabbiting on about how much the sperm lottery sux and inclining to the view that death taxes would be nice and that as a 'Scientific Socialist' he just isn't all that big on the concept of families building wealth over generations but is actually a multigenerational trust fund kid himself with the fund being set up my his great granddaddy to which his granddaddy and daddy both added when they croaked to benefit him as he fully intends to do when he croaks to benefit his though Blondie?

Add that one to all his other various apparent 'inconsistencies' and he does start sounding incredibly iffy - Leastways he does to me what's read his shit all just a bit too much over too many years to think it's coming from an individual who has any fundamental credibility or personal integrity.
Noted Herbs.
I actually would be quite happy if all families setup Trusts like we have as multi-generational.
Certainly would stop people blowing an inheritance that they get and then not passing any wealth onto the following generations.
I am a SS as you point out and have no problem with that.
You just seem to hate socialists in general, yet you are happy with hospitals, free education and many of the socialist values we have in our society now, like pensions. Correct?
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stubby
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ThePauk
17 Sep 2015, 01:20 PM
It is not my capital, nor my kids, nor their kids capital.
But that's the whole point, isn't it? It's capital that exists in some taxation-free hyperspace, attributable to nobody, untouched by means testing. :lol :lol :lol

Yet it rains very real income down on its beneficiaries.

So those beneficiaries have a bullet-proof income stream, without any corresponding asset-deeming to foul up a means test.

That's pretty much how a pensioner's PPoR is treated today, yet you've got a permanent hard-on in attacking that...

Hypocrite, thy name is Pauk.
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ThePauk
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stubby
17 Sep 2015, 10:14 PM
But that's the whole point, isn't it? It's capital that exists in some taxation-free hyperspace, attributable to nobody, untouched by means testing. :lol :lol :lol

Yet it rains very real income down on its beneficiaries.

So those beneficiaries have a bullet-proof income stream, without any corresponding asset-deeming to foul up a means test.

That's pretty much how a pensioner's PPoR is treated today, yet you've got a permanent hard-on in attacking that...

Hypocrite, thy name is Pauk.
Oh my, you seem to have it all figured out. Well done....
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