FAQ 66 Do I need a separate Trustee and Trust for each Property?

The short answer is NO, however it would be silly not to consider the implications of using a single
entity (Trust) to own several valuable assets.

Consider that if a single trust owned a large value of assets and an accident occurred on one of the
properties owned by this trust. The owner (The single trust) might be sued –  the assets of this owner
would then potentially up for grabs.

Consider also that this owner (the single Trust) will also be considered to own a large value of assets
that are subject to the payment of Land Tax. Land Tax is levied differently in each state, however generally
the tax is levied in steps. These steps increase in a no linear way ( lower cumulative asset values attract
less $ tax per $ asset value than higher cumulative asset values.

Consider the fact the today an asset may be worth say $500,000 but in 7 years time may be worth $1,000,000

For all of the above reasons it is clearly far more sensible to separate assets by
holding each in a separate container ( Trust with Corporate Trustee)