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]