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GP One further comment, in a bankruptcy the role of appointer cannot be taken over. I have had this advice from a number of experts, and you can also read about it on Chris Batten's website. There was a case in NSW (I believe) called Wiley's case where this was determined (according to my...

Why would the appointer keep you as trustee? Presumably you (or someone close to you) would be the appointer. I dont believe the trustee role can be taken over by a liquidator, given that the role is there for the benefit of the beneficiaries, not themself (ie the trustee controls the money, but...

Hi there Great summaries so far. The big flaw in a structure that has people as trustees for a trust with property is: - if somebody has an accident in that IP, then they can sue the trust, that is, its trustee. If the trustee is a person, then may be able to show that the trustee is...