Does anyone out there know anyone who's tried or looked into what I've suggested structurally? Or has anyone reading this? Or any notes on what I've written would also be appreciated, especially if/where I'm wrong?
If you read up on the forum you'll find many discussion on ownership using trusts.
What your proposing is a form of very expensive insurance, but what exactly are you trying to insure yourself from? what are the probabilities of that happening?
There is likely a higher probability that you get seriously injured in a car accident than you losing all your IPs. So what are you doing about that?
You are much more likely to lose your assets thru divorce as well.
But the real question is can I own types investments that mitigate that scenario, If I'm so darn worried about it?
To which the answer is a resound YES.
As for your eg, trust owns IP1,
trustee pty ltd (whose name the IP1 is in) gets sued for negligence and has to pay damages as director found negligent in his duties.
Director has to pay damages, so sells IP1.
If sale price covers loan balance and damages, director loses IP1 and that's it.
If damages = loan bal + equity + 100K, then director must now find 100K to pay damages or declare bankrupt.
If director goes bust, he loses all assets (including company shares) and will have a tough time getting credit.
So there goes another IP (if he's lucky to have another one), or has to borrow the $$, or come up with a payment plan.
Bottom line your assets are still exposed, though indirectly, in case of personal liability.
Same applies if your slapped with 1mil damages for giving an accidental lift home to a hapless drunk fellow, who was staggering along the road, on the bonnet of your car. You either pay up or declare bankrupt.
All those admin fees may be better spent on a good good insurance plocies, and of course a good laywer if u ever need one.
*** Of course there are a million variables & scenarios that may occur, this is not advice of any kind but blue label fantasy ***