Worried about your kids future? Stan is trying to set up property for his children but wants to dodge the bullet of divorce before it can even come up. There isn’t a clear cut answer with this question so Kevin Proposes two different options.
Option 1 – You can put the property into a company or trust which will give you control of the assets so a divorce would not effect the property ownership. The problem here can be if the property isn’t in your kids name there will be much more tax on the borrowed money.
Option 2 – Put the Property in your name. This has the same drawback with the tax though
As usual when it comes to property tax is a major factor. The Property Club can help you with advice and calculations to get you prepared to take on the property market.
Thanks for watching.
P.S You can also listen to our episodes on our Podcast – The Kevin Young Show
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