I should also point out the obvious - not all discretionary trusts are the same and the wording of the deed is important.
broadly there are 4 different types of discretionary trusts with some more stronger if the person behind controlling the trust were to become insolvent.
So type and and...
Creditors of who?
Creditors of the person that loaned the money to the trust can always get this back because a loan belongs to the lender.
Creditors of the trust however will have to stand in line behind the bank which will be a secured creditor because of its mortgage. However any general...