Articles by Anthony Strevens
Ever have a property settlement about to go through and at the last minute your professional trustee has held up the game by asking pesky questions like “Why are you buying this?” or “Is this the right entity to be buying it in?”
What about those times when you’re arranging a simple re-finance and just when everything seems to be sorted your professional trustee wants to know if you’re getting a good deal or if the loans are in the right place or, even worse, if you should be offering up all your property, your future and your first born as security? How annoying!But hang on, did you really want to offer up your first born as security? Or buy a development property in your family trust? Or sign up to a pyramid scheme? By asking these ‘pesky’ questions your professional trustee is simply doing their job, a job which you pay them for. They are looking out for the best interests of the beneficiaries of the trust and by doing so are effectively forcing you to do the same, meaning that you are meeting your obligations as a trustee too. If your professional trustee is not annoying you then they’re not doing their job. If they are not doing their job then they are a sham. If they are a sham, then you need to watch out because your trust may be one too.
I read Matthew’s book Property 101 and then came to Property School. I have to say there is nothing 101 about either of them. Between the book and Property School you learn that there is a lot more to property investing than meets the eye. There is no doubt in my mind that GRA are a cut above the rest when it comes to property education and planning. Impressive for a chartered accounting firm – they really know their stuff! - S.C. - April 2016
Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.Learn More