If an individual is not in a high risk occupation & doesn't have any real estate in their personal name, I'm coming to the conclusion that it would be very unlikely to be sued for whatever reason.
1. Do you think that it's a good idea for them personally to be a unit holder of a Unit Trust or Hybrid Trust that holds real estate?
2. If something happens on that property that's held in that trust, can the unit holder be sued, or it's just the trustee?
3. If a Hybrid Trust owns shares or property & sells them later on and makes a capital gain, would the capital gain be passed onto the "Income" unit holder or it has the flexibility to pass it onto anyone else? In another words how would this be treated?
1. Do you think that it's a good idea for them personally to be a unit holder of a Unit Trust or Hybrid Trust that holds real estate?
2. If something happens on that property that's held in that trust, can the unit holder be sued, or it's just the trustee?
3. If a Hybrid Trust owns shares or property & sells them later on and makes a capital gain, would the capital gain be passed onto the "Income" unit holder or it has the flexibility to pass it onto anyone else? In another words how would this be treated?