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UNREGISTERED TRUST QUESTIONS
Hey:) I’m very passionate about not feeding the system with my blood sweat and tears and I believe this is the way out for humanity to be free is to be private. Thanks for the support, in advance. I have read through all the messages here, read the attached PDF’S & watched the video a few times and still have some questions.
I am settling on a house on 20th December 2022, will the creation of the trust be done by then? And all I need to do is have the trust is making a bank account?
I plan to have a trust for my home and my business.
I have some questions please, thank you.
1-stamp duty- what happens when I go to pay stamp duty for my trust’s estate ( house) what if they say the trust must be registered?
2-Is it common to be looked into trust? What triggers pirates to want to look into a trust?
3- I am eliminating my credit card debt ( only $8k so hopefully nothing to trigger) I also have Centrelink debt but no one is asking at the moment about that it seems ( still only $5k- so I don’t think I’m a big trigger)oh and just recently a policy woman charged me 2000$ for unregistered vehicle, uninsured ( I was 4 days late and didn’t even know it was unregistered!)
so, is it a bad time to make the trust due to these debts?
4- is it safer to have a house in trust and a business – sole trader- in a separate foundation or is it ok to have it all in one trust? I’m not a big player, I have a small business but I plan to grow it.
5- advertising my sole trader business on YouTube, Facebook, google, pamphlets, school newsletters is all in the public. If someone purchases I either give them a private invoice or a tax invoice with the ABN of my sole trader name? So, half the invoices I do tax with or can all go into the trust with no tax obligations.
7- can I have business insurance? Can I have house insurance? Is the owner on these docs my person or my trust?
8- bank account- I learnt here that I need to open a Westpac community business solutions account- show the bank this page if they say I need a TFN I follow this page and show them?
I say to the bank, I don’t need a TFN or ABN because I am a non- for-profit? I don’t understand this because I do give invoices out.
9- Can I have savings in this trust account and spend from it?
10 – once I have put the house in the trust, what ongoing things do I need to do? What education do I need to keep it safe? For example, if there is a 4 yr window to garnish the estate, how do I hold my ground… I would really need to know how to do this, do you provide information AND support?
11- do I register my business name with ASICS?
12- how many people to start the trust ( the settler( a friend?) , trustee ( me) the principle ( me?) primary beneficiary ( me?) secondary beneficiary ( my son? ) so, will myself, my son and our dog be enough?
Thanks, I am learning and having support that I know I’m not going to stuff this up as its my first home. I am willing to keep learning but do need support along the way to not accidently incriminate myself! i need to know how to hold position if need be. thank you!
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3 Replies
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Hi Tashi,
Great questions. I’m interested in seeing the responses to these questions also.
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Hey tashi, I’m curious if you had much luck getting any info and if you’ve started operating out of the trust? Mark is very switched on and there’s a few people here to that know the ways but it’s hard to get answers I feel, I have a private trust too and are using it but do get nervous that if I needed help later defending myself and my decisions to operate in the private It wouldn’t be around 🙁
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Hi there. FYI-
We’ve recently updated the knowledge explained on non-registered trusts.
You can visit http://solutionsempowerment.org/resources/non-registered-private-trust/ to view the corresponding webinars, videos (made just now early 2023), and then whatever questions you still need answered, feel free to get in touch with SE support via CONTACT > GET IN TOUCH tab http://solutionsempowerment.org/#contact