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 trust do something so that the creditors still in effect get nothing?
The underlying assets of the hybrid trust are still protected right, as they were never in your name?
Cheers
John
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 trust do something so that the creditors still in effect get nothing?
The underlying assets of the hybrid trust are still protected right, as they were never in your name?
Cheers
John