Interesting discussion about structuring.

Wanting to set up a discretionary (“family”) trust and having property purchased by that trust, I have been told by a couple of people that a “hybrid” or “hybrid discretionary” trust is the best option for asset protection. This evidently combines features of a unit trust with those of a discretionary trust.

Interestingly, the people who set up my self managed super fund do unit trusts and discretionary trusts but don’t do the hybrids – the person I spoke to said his legal people don’t want to do them. He also said the legal people said a few years ago that setting up self managed super funds was a fad that would go away!

Anyway, would appreciate comments on the hybrid trust issue.

Des