Moving other assets into a private trust

Private Trusts & Private Foundations

Moving other assets into a private trust

Posted by E.H. on December 11, 2022 at 10:41 am

Hello,

I wonder if anyone knows how to move gold and silver into a private trust? I bought gold and silver before I established the trust.

Thank you!

morag-janet-of-the-hill-family replied 1 year, 10 months ago 3 Members · 9 Replies
9 Replies

morag-janet-of-the-hill-family

Member
December 12, 2022 at 1:10 pm

Get the Trustees to buy it on behalf of the Trust.
- ajs
  
  Member
  March 1, 2023 at 1:27 pm
  
  Could you do the same with any other “registered title” , a house, a car, land , etc? Establish a trust and then have the trustees purchase it for a dollar? And what all the usual taxes associated with sale? I would purchased a non registered trust whilst it was on sale but so many issues are unclear.
  - morag-janet-of-the-hill-family
    
    Member
    March 1, 2023 at 1:40 pm
    Trusts-and-productivity-of-labour-and-houses-Q-and-A-2.pdf 75 KB PDF - Click to view
    
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E.H.

Member
August 15, 2023 at 10:34 am

Hello Janet, Long time no contact.

I finally found a home and put in an offer, which was accepted. I am buying it as the trustee of the trust (as you mentioned before). I signed the contract with ‘without prejudice’, so let’s see if they accept it. If they don’t accept it should I just walk away seeing that the titles are being destroyed? What do you think? Of course I like to have my own home, but if it is too risky, I can wait to see how things work out.
- morag-janet-of-the-hill-family
  
  Member
  August 15, 2023 at 11:31 am
  it’s great that the Trustees are buying the property on behalf of the Trust so that it will be owned by the trust from the word go and then you will be in a much stronger position when dealing with offers from the system. All rights reserved would have probably been better to use with your signature. Here’s an explanation of ‘without prejudice ‘ and when it is appropriate to use it.
  Without-Prejudice.pdf 33 KB PDF - Click to view
  
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E.H.

Member
August 15, 2023 at 11:38 am

Thank you Janet. If they don’t accept it, should I walk away then (considering that they are destroying )titles right now)?
- morag-janet-of-the-hill-family
  
  Member
  August 15, 2023 at 4:44 pm
  
  That is your decision as to whether you want to negotiate or whether you decide to move on and look for another property.
E.H.

Member
August 21, 2023 at 1:40 pm
Thank you Janet. I have walked away as I think it’s less risky to look for a property with Crown Title. I assume you’ve seen how Rod Culleton helped people in WA to get their Crown Title?
- This reply was modified 1 year, 10 months ago by E.H. Hameeteman.
- morag-janet-of-the-hill-family
  
  Member
  August 21, 2023 at 2:20 pm
  
  Yes I did, it was so great that he was helping people to empower themselves in that way.

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