I understand that a HYBRID DISCRETIONARY TRUSTS (say with a company trustee) provides good asset protection in a class actions or negligence claims. However what happen in a divorce situation? That is, does any one know how family law see this arrangement? Are ones assets are still protected even though you set a trust up before you gone married?
Frankic [worried]
Frankic
The family law court can look behind trusts.
I guess it would probably look at things like who contributed funds to the trust and the purchase etc. If it was all setup before marriage, than this should be stronger than if setup during. Best to talk to a family law solicitor about this.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Thanks Terryw good advice
Frankic
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