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  1. Piston Broke

    Positive experiences with trusts

    The only legal holding entities are person, company & trust. There are no extra secret ones. But with more money they can be moved around (including offshore) and pay many people for many services, and of course made more intricate and create smokes & mirrors. The insurance premium becomes much...
  2. Piston Broke

    Positive experiences with trusts

    If you read up on the forum you'll find many discussion on ownership using trusts. What your proposing is a form of very expensive insurance, but what exactly are you trying to insure yourself from? what are the probabilities of that happening? There is likely a higher probability that you get...
  3. Piston Broke

    Positive experiences with trusts

    FTR you don't "own" trusts, you control appointing a trustee who's duty is towards the beneficiaries based on the what is specified in the trust deed. The worse case scenario is you lose them all, so betta no buy anything... If the the person who slips is awarded damages for negligence, then...
  4. Piston Broke

    Positive experiences with trusts

    Many lawyers just get through the "equity & trust" sections of their courses dreaming of being a telefilm lawyer. No different to other sections of society really where only a small % really enjoy what the do and take pride in being good at it.
  5. Piston Broke

    Positive experiences with trusts

    Trust can and do oofer asset protection. The 1st question how and in what circumstance. The 2nd is at what cost. To most heavily geared investors the answer is it's too expensive. To others it's handy to have such assets here & there held by other entities. Most people here pay insurance...
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