I’ve just read Steve’s third (& latest) book, and completed the Wealth Guardian course…….as I understand it, the two key advantages of forming a Trust are: a) good protection from litigators and b) greater opprtunities to extend borrowings. The thing is, why would one not simply carry heavy public liability insurance (very cheap) to mitigate litigation risk, and are the financiers so daft that they don’t expect a balance sheet (personal and business) when loans are advanced to Trusts? (Which would highlight the personal guarantees of the trustees, sending a cautionary message to Financiers to limit lending to the margins/serviceability usually set in a personal entity structure?)
Steve’s input on this would be very inetersting!
regards
wilrose[thumbsupanim]
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