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Hi, Thanks for that. I stand duly corrected. :) Cheers James.

Hi Kwan, As the trustee is looking after the trust's affairs, it is the trustee who is responsible for any legal claims. As I said, you cannot sue the actual trust, so the trustee is the entity that is responsible. The trustee does not, however, have any right to the assets held by the...

Hi all, The assets in a trust cannot be taken by someone who sues the trustee company, if you sack the trustee on hearing of the lawsuit. The trustee company then has just $2 to its name, which is hardly worth suing for. You cannot sue the actual trust itself. My understanding is...