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Reply: 1.2.1.1.1.1.1.1 From: Paul Zagoridis Thanks for that Dale So if somebody makes a public liability claim for slipping on the driveway, the trustee is at risk? Even better! I thought that the house was at risk if it was the house at fault? That never made sense to me as the trust is...

Reply: 1.2.1.1.1.1 From: Paul Zagoridis Yes Serge and David You don't carry on a trading enterprise in your asset holding entity (Trust1). Trust1 does not own your car or any depreciating assets, nothing that can get into trouble. Think of it as splitting yourself into a family. One adult...

Reply: 1.2.1 From: Paul Zagoridis The trust can be sued (actually the trustee gets sued in its capacity as trustee for the trust). For example if your trust owns 3 IP's and is sued (e.g. as landlord for breach of duty of care). Then all the assets of the trust are at risk. That is why the...

Reply: 1 From: Paul Zagoridis Hi Cathy For a start I recommend reading Renton's Introduction to Trusts book. Trusts protect assets that are owned by the trust on behalf of a beneficiary. So if you are sued personally, assets in the trust cannot be touched. The Family Court of Australia can...