Search results

  1. J

    hybrid trusts & being sued

    asset protection qu Hi all, I'm just wondering, short of establishing a family trust, is putting assets in the name of a spouse a good asset protection strategy? My wife is going to be a doctor, so we won't put anything in her name. But as for me, as long as I never have any interests in a...
  2. J

    hybrid trusts & being sued

    Hi Nick, "The objective would be to reduce the assets of the unit holder and it can be done via the redemption. i can explain further if you wish. " I'd be grateful if you could explain further. This may sound naive, but I'm wondering if you can reduce the assets of the unit holder...
  3. J

    hybrid trusts & being sued

    Hi Nick, Thanks for your reply. Well explained. The only part I don't get is this: "...so the units get cashed and the bank gets their money." If someone takes out a loan to purchase units in the trust, the trust then takes all of that money and buys assets with it. So when the...
  4. J

    hybrid trusts & being sued

    Hi all, Just wondering what happens if you hold units in a hybrid trust and are then successfully sued? The creditors have rights to the units you hold in the hybrid trust, right? So does that mean that whatever benefits you derived from those units now flow on to the creditor? Or can the...
Back
Top