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You would probably be unwise if you bought a separate store in the same trust - assuming you are just running the businesses. If you are buying the property and the business then you should have separate entities to own the property and to own the business and then new ones for the next purchase...

These are legal questions you should be seeking advice on from a lawyer. Depending how you do the transfer there may be little to no asset protection. Have you heard of resulting trusts and/or constructive trusts? Even if the house is in wife's name a trustee in bankruptcy may still grab half or...

Benefits of a unit trust over a company include: - not regulated by ASIC - terms not public record, not one can look at who the unit holders are or where they live as they could with a company - 50% CGT discount - income retains its character when flows through etc

Prob not a good idea to run through a discretionary trust. His structure has merit. This is not a hyrbrid trust either.