Liabilities with a Property Trust

[Tim]

Can anyone help me with a situation that is becoming slightly more messy than I care for:

If I, as an individual, purchase a property from a Property Trust, if that property trust is subject to any liabilities or legal action (not even necessarily related to the IP), can I inherit any of those 'problems' as a purchaser, or should I only be able to buy if I receive unencumbered full title of the IP?

Hope someone can help.

Thanks,

Tim

 

[Terry_w]

If you are not taking over the trust and title is clear then debts of the trust or trustee are not your's to worry about.