thanks for the replies, I put thinking about this to the side for a little while to approach it again with a clearer head.
Think the smsf is the way to go, I am still confused how one persons money can be held by 2 people (called members) legally as far as names on the smsf, bank account and trading account or any investment are concerned....yet both are also trustee's.
How does the person who doesn't actually legally own the money go about excising it from their personal life into the future....ie tax, loan applications, all manner of things.
Is it really as twisted as this sounds? every investment I undertake for my mother I am also legally forced to own, being in my name also???
