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This trust thingy is really a risky business, depends on how it's set up, often the accountants/solicitors don't really fullymnunderstand the inside out/implications themselves (or just want the money). I was told by my accountant that the HDT can now be used just as a regular DT, feel like you...

Terryw, mind if I ask details of the trust & properties, whose name on the DT & the properties. Is there a company trustee because it will add greatly setup/ongoing fees. Also if the business in your name only, the properties are in your spouse's name, will it offer asset protection ?

Care to share the details minus the names ?

Of course accountants/solictiors are flogging trust, it's cash cow for them. This asset protection claim I am highly suspicious, one never knows until it is tested in court. I am sure a smart lawyer can crack something that set up by your joe bloke accountant or solicitor. Much like the...