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If they've sued the individuals, and the assets are in, for example, a discretionary trust, then those assets aren't available to satisfy the judgement. If it's not covered by insurance, then assets in your name, such as your car(s), PPOR (if applicable), shares, etc. I think some amount of...

Exception? :D LMAO

Mark Shanahan, lost $2.6M for a stray golf ball that hit somebody in the head on Magnetic Island. He had a business and loads of assets, I believe, and lost the lot. :( I want to make it clear that I'm not suggesting this is remotely an everyday occurrence. It's still a long shot. (Excuse the...

Could you provide an example of where a discretionary trust has failed to protect its assets when a beneficiary has been sued, excluding family law cases? 1) I agree that you shouldn't "live in fear"; but nor should you naively assume that your insurance will protect you against all...

It's certainly not an everyday event, but neither is it a fairy tale. See, for example: $1.2M judgement against landlord for trip on carpet The other activity which frequently gives rise to litigation is driving or owning a motor vehicle. It's very possible to attract a liability that your...

I had the same thought. The underlying assumption seems to be that the properties will always make a loss, or that properties actually making a profit are the exception, in which case it doesn't make property sound like much of an investment! :D If you assume you're going to make a profit...