Hi,
Got a lender wanting a guarantee from a trust which has raised the following question....
"In NSW can a discretionary trust borrow money itself ie not the trustee "ATF" but the actual trust itself?" Normally the trustee would be the borrower on behalf of the trust but curious can a trust borrow directly?
Anyone care to enlighten me.
Got a lender wanting a guarantee from a trust which has raised the following question....
"In NSW can a discretionary trust borrow money itself ie not the trustee "ATF" but the actual trust itself?" Normally the trustee would be the borrower on behalf of the trust but curious can a trust borrow directly?
Anyone care to enlighten me.