In a situation where propeties are held in multiple hybrid trusts, what’s your thoughts on using the same company as trustee for more than one trust? What could be the implications of doing so in relation to asset protection?
A different company trustee will keep the investments completely seperate and unrelated. I believe this to be the best.
I have heard of a trust being sued, then trying to get through the company trustee, into a different trust. Unsuccessful I believe but will be tried again one day.
Maybe 2-5 trusts per company, it is really up to your personal comfort level.
CATA
Asset Protection Specialist
[email protected]because of the costs of running a company trustee, ie accounting costs, minutes setting up etc. It makes more sense to have one company running several trusts.
We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
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