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option c is you cut a deal that returns them a lot more than option b and a lot less than option a

its a fair point but first of all you need to be in a position where bankrupcty is an option, not a foregone conclusion. at least with your assets out of reach it just becomes an economic decision. The guy I saw go through this had no choice, the liabilities exceeded the net assets of both him...

can be but (a) this is only the case initially. any cap gains or profits are ring fenced within the trust and (b) most actions are poorly funded due to risk aversion. After looking at someone else go through bankruptcy there was no mention of the trusts loans, units held etc probably because its...

will breed a cycle of poverty too

I think my last trust cost about $150 and I do my own books. Unless you have a reason not to use a trust then you are just being reckless or perhaps lazy. which book was it that talked about the happy guy with lots of assets, goes on the golf day, tees off and the ball hits someone in the...

this is rose colored glasses stick your head in the sand stuff. trusts are cheap and simple and incredibly powerful tools. If you have the frame of mind that trusts are too expensive and bothersome then take the same approach with your insurances, don't bother and she'll be right. bad things...

worth more than its weight in gold. IMO trusts form a pivotal roll in your asset protection and tax planning and I would strongly advise people to make use of them. If not you leave yourself wide open.