to set up a trust or not?

Is there any type of insurance available for personal liability against your assetts?

I thought being an employee, there would be little chance of being sued, but there are many other ways someone could have reason to sue you.

Could someone please help me decide on an  ownership structure for buying IP's?

I have one IP now { owned as joint tenants with my wife } and are ready to sign contracts for two more properties.

And intend to continue buying for at least another ten to fifteen years, and hopefully end up with a passive income.

one property is just slightly neg geared after tax.  only if it is in my name, as i earn a wage income.

the other property is about neutrally geared or just positive geared, befor tax. thinking of buying in the wifes name as she earns no income and is not about to for at least six years or more.

should we continue buying like this, neg in my name and pos in her name?

Or should we be looking at a trust set up? 

I understand trusts are good for assett protection and legal tax avoidance { not tax evasion }.

But without the tax advantage with personal income, the buying process will be slowed.

I have heard the ATO has concerns and issues with Hybrid trusts and may not accept claims against personal tax.

I guess it's like saying you can't have it both ways.

the chance of being sued may be slim but so are  things like your house burning down, and people make sure they are covered for that.   And thats with one house.    If you are looking at multiple houses, your concern should be even higher.

I would be grateful for any ideas or thoughts that may help me.

thanking you,

frosty.