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Well said rolf. Asset protection sounds good in theory but banks are not stupid.

Because if the trustee directors go bankrupt this would void the guarantee and can breach the terms of the loan agreement, leading to a sale of the security. Isn't the whole purpose of asset protection to 'protect the asset'?

Signing a directors guarantee for a family trust structure kinda defeats the entire purpose of asset protection in the first place....why bother? If the family trust had an unencumbered property then that would be a different story... Otherwise you could just use a unit-trust structure to get...