My accountant has been advising me to do this as well (4 years or so). I am involved in farming, so there is a risk exposure (to accidents, legal action etc -we have already been subject to intense legal proceedings within the family) for which a corporate trust structure provides protection, as liability is limited to the trust itself, not trustees or persons. Also provides protection for assets from 'rogue in laws' if a marriage breaks down etc. Need to think of these things these days, particularly for asset rich (income poor) pursuits as farming. I haven't done this yet, but I have tried to reduce my exposure to risks all the same. I am interested to know your progress with this strategy, so please feel free to post any thoughts/outcomes. I wish I knew more and can provide direction to help. I will ask the accountant (a big firm) for advice when I meet in the next few weeks and update you with anything relevant. Hang in there, it will get better eventually
