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Thanks for that Paul. Did you mean 'Trusts aren't a legal entity so they cannot enter into contracts'? When you say 'pay the loan' do they do this out of pre-tax or post-tax dollars? if post-tax then how are they taxed? I'll get around to reading Mike's and Terry's e-book once I have...

hehehehe, thanks for setting me straight :D:D:D

I was just thinking about this today. How does a discretionary trust repay its loan back? Say you have a DT with a corporate trustee. The Corp trustee gets a loan to purchase through the DT. The DT uses the loan to buy a property. This means the loan is with the Corp Trustee but the title is...