Thanks again!

I think I need some in-depth step-by-step info. I’m obviously missing some steps here, which is why I’m not getting my head around it. I’ll try to find some comprehensive information online so I don’t drive you crazy with questions!

Thanks Terry!

I’m still not understanding how money can come out of the trust to pay a deposit on a loan.
My understanding is that the money in the trust had to come out and into personal bank accounts, which is then paid tax on (as you said in your last sentence). But I’m still not getting how a deposit can be paid directly from the trust.