Many accountants/solicitors advocate various trusts because it will generate very good & steady business for them. Before I set up my HDT my tax return bill was couple of hundred bucks (average for most taxpayers), now it's two and half grand. One of the 2 main reasons for using trusts is asset protection (as advised by accountants/solicitors). Has any one on SS heard any story about investor being sued by the tenant and lost everything (in case the insurance doesn't pay up), or is it urban myth ?
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