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I don't accept that being a director is 'risky'. Besides, Terry's comment about risk is only in the context of borrowing money via mortgage/lease. So being a director of a family trust which owns all the property/assets isn't really risky at all if the fund has adequate net assets.

Haha I would never put someone on my payroll as a director / controller of my assets...

Yes that's correct. Perhaps a parent / close relative / spouse etc.

If you are ever going to borrow money, doesn't matter what structure you use, you will have to give a personal guarantee as a director of the company/trust. The easiest and simplest way is just to have all your proper assets in a family trust of which you are one of the beneficiaries...