Finance & Fury Podcast

Welcome to Finance and Fury, the Say What Wednesday edition, every week answering your questions. This week we answer Stephen’s question: “Hi Louis, I saw an article about purchasing a home inside of a family trust for asset protection. I’m just wondering if you have seen this done before and if you think it is a good idea?” Thanks for the question – this episode – look at purchasing your own personal place of residence inside of a family trust – and what the pros and cons of this strategy are - because in short – it is definitely possible to do, but if not done correctly – it can put you in a worse position Quick note – I’m not a legal expert – if you are considering this – important to get expert advice on this – this episode will just be discussing the general gist of the concept – and potential ways to avoid some of the major cons   Firstly - What is a family trust – or discretionary trust – family trust refers to a discretionary trust set up to hold a family's assets – set up as a different owner of ass