Total Members: 159,130

RAMK

  • RAMK replied to the topic Create a Company First??? in the forum General Property 19 years, 1 month ago

    [biggrin] hi All,

    As far as i know the property will be in the name of the trust, not on the individuals (trustee or beneficiaries) name. So if a creditor sues the trustee, it will not affect the assets of the trust.

    I also have a thought that a Corporation can protect the asset (property). A creditor can sue the Corporation and perhaps can get…[Read more]

  • RAMK replied to the topic Create a Company First??? in the forum General Property 19 years, 1 month ago

    Hi All,

    It’s pleasant to hear responses from the good people of this forum and i thank heaps from the reply.

    For me it’s important to protect my assets from any litigation or creditors if worse comes to worse, hence i think a hybrid trust company or a descritionary trust company is the way to go. Not only it gives protection to my assests to…[Read more]

RAMK

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