tag:blogger.com,1999:blog-2010674492533140192.post8923679824349165198..comments2024-02-22T17:22:37.875+11:00Comments on Cleardocs: Instalment Warrants, SMSF borrowing, what’s happening<a href="http://www.cleardocs.com/home.html?blog">Cleardocs - online legal documents</a>http://www.blogger.com/profile/01369616829560963780noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2010674492533140192.post-91968474295401177442012-07-27T19:35:08.826+10:002012-07-27T19:35:08.826+10:00Well, we must expect the unexpected in the field o...Well, we must expect the unexpected in the field of finance and business economy... and the truth hurts that the most effective strategies today might be out-of-line tomorrow.Brock Chewingshttp://www.smsfsuperstrategies.com.au/noreply@blogger.comtag:blogger.com,1999:blog-2010674492533140192.post-83675241118731268532010-06-02T12:05:53.159+10:002010-06-02T12:05:53.159+10:00Hi
Most lenders require the custodian (that is th...Hi<br /><br />Most lenders require the custodian (that is the trustee of the bare trust) to be a company. Check with your lender.<br /><br />It is legally invalid for one company to be both the trustee of the SMSF and the trustee of the bare trust. If the company held both roles, then it would be holding the asset on trust for itself, which is invalid. <br /><br />The information about needing 2 companies is in our blog on May 2010 "SMSF Borrowing with Cleardocs – the process".<br /><br />By the way, we can't give you any specific advice. This is general information only. You need to get your own advice about your situation.<br /><br />Regards<br />Christopher<a href="http://www.cleardocs.com/home.html?blog">Cleardocs - online legal documents</a>https://www.blogger.com/profile/01369616829560963780noreply@blogger.comtag:blogger.com,1999:blog-2010674492533140192.post-27502495007473676822010-06-01T10:20:23.076+10:002010-06-01T10:20:23.076+10:00We have a company with 2 directors as the trustee ...We have a company with 2 directors as the trustee of our SMSF with 2 members. <br /><br />Do I need to setup a second trustee company as the custodian of the bare trust?<br /><br />Can the directors be the trustee of the bare trust without the second trustee company?Anonymousnoreply@blogger.com