Just stumbled onto this thread,,,,,,, "Warning Will Robinson",, Discretionary Trusts that are promoted for succession planning etc etc have a massive failing. The recipients can take the trustee to court at anytime and claim full entitlement and or take control of the trust for themselves. They only have to claim that the trustees are not operating the trust properly and the bonus is that the legal fees to defend yourself is payable by you, not the trust. However the claimants costs are also payable by you as the trustee in question. It is up to you to defend yourself as far back as any of the claimants wont to go. Ie worked after school to help with household budget.
- Forums
- ASX - By Stock
- Owning shares through a trust structure
Just stumbled onto this thread,,,,,,, "Warning Will Robinson",,...
Featured News
Featured News
The Watchlist
CDE
CODEIFAI LIMITED
John Houston / Martin Ross, Executive Chairman / COO
John Houston / Martin Ross
Executive Chairman / COO
Previous Video
Next Video
SPONSORED BY The Market Online