Grubisa claims her product is based on a trust set up by the parvenu Vestey Family - one of Britain’s wealthiest families in the last century, as well as one of Australia’s largest landholders. Or in other words, if there is no actual debt, there can be no “friendly creditor” and, therefore, no protection against unfriendly ones. If there are records, that’s easy, but if you haven't kept any records, the trustee will disallow the debt as a claim.’ ‘The trustee can ask your trustee to verify the equitable mortgage debt by producing the trust bank account statements. When a so-called “Vestey Trust” established by one of her alumi was tested by a bankruptcy trustee, Mrs Grubisa’s company appeared to repudiate its own advice.įrom a 2 December 2019 email from DG Institute to the bankrupt: However, this is at odds with advice provided by Grubisa’s company to a client whose business had run into financial difficulty and the owner went into bankruptcy. Because the caveat is placed on the title when times are good, it takes priority over subsequent claims by liquidators in times of distress.’ĭominique Grubisa claims in her Master Wealth Control webinars that no money needs to change hands. A caveat is placed on the property title directing that the trust owns any equity beyond the loan amount. ‘The Vestey trust system works by establishing a “friendly creditor” in the form of a special trust that owns the additional equity in your assets. Mrs Grubisa’s idea of a “Vestey Trust” is, in essence, a form of discretionary trust she claims establishes a “friendly creditor”: ‘As an additional layer of protection where you own a SMSF, we can mortgage the fund and/or its assets to the Vestey Trust.’ With a SMSF having funds tied up in its own assets it will be harder to legislate in respect of any mandatory acquisition or levy.’ ‘The government does not like SMSF’s as they lose control when it is privately owned – it is much easier for them to legislate and dictate over fund managers and skim that way (if that is their strategy). In documents provided to her students Mrs Grubisa claims that: One of the claims made by Mrs Grubisa is that she can protect the assets of self-managed superannuation funds (SMSFs) from being claimed by the government. In spruiking her "Master Wealth Control" product Mrs Grubisa makes extraordinary claims about how her clients can never go backwards, never lose a cent, bite off more than they "can chew and chew like crazy". Dominique Grubisa, the lawyer who makes millions advising her students to seek out “distressed assets”, also claims to be able to protect assets from lawyers, the government and creditors.
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