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Yes it could but then would that beneficiary have a right to prevent trustee properly exercising powers? Probably no, subject to the deed.

Yes because as beneficiary they have an equitable interest in the property.

A beneficiary can lodge a caveat over property owned by a trustee. A beneficiary of a will cannot - except after death, a caveat can be lodged over probate - to prevent probate - not over property - well actually it could be over property held in the name of the executor or trustee as well. a...

Hi Paul I don't see any vesting to a sub-trust in this strategy. Trust A would just be taking a mortgage over property owned by another party - which could be an individual or the trustee of Trust B. There are not rights to income. Just a right to possesion of the property if the loan...

Well put Mitch!

Any trust could obtain an equitable interest in a property and lodge a caveat or second mortgage. How does 'vestey' come into it I wonder? What is this 'vestyness'?

Yes, It is Vestey - they are still around too http://en.wikipedia.org/wiki/Vestey_Group Just wondering what makes a trust a 'vestey' trust. How would it differ from other discretionary trusts? How does a vestey trust relate to the vestey family?

What is a 'vesty trust'?