Fancy names for basic proceedures. Just go and see a good lawyer.

for the second, what you do is set up another trust and place a second mortgage over existing property. There are no stamp duty or CGT consequences as there is no transfer.

Incidently there was a Federal court case in the last few weeks favourable to hybrid trusts (forrester from memory).

Just ask one of the banks if you need to declare personal guarantees and see what they say.

Don't sign anything without running it by your solicitor.

Personally I would amended it slightly by specifying  a bank and the loan amount. If they don't accept it you can say you will find someone else.

Try Michael

I am reluctant to say anything more as this is Steve's forum. Its a good marketing concept – unlimited finance!

http://www.guardianpartners.com.au

Some good points there, but 5, insurance won't stop you getting sued or cover you in many situations.

This is a common question lately.

The answer is that this is not possible because personal guarantees will be required.

I would split up the assets into a number of discretionary trusts.

All trading should be done via a Pty Ltd company with shares owned by a discretionary trust.. Probably split up the trading into a few companies. These companies should not own any assets, business asset should be owned by a separate serivce trust.

I would also have another trust take out options to purchase properties owned, 2nd mortgages and long term leases to help with asset protection.

You might even want to thrown in a trust set up in a tax haven. Still can declare your control to the ATO, but it add another layer and another jurisdiction to make suing you much harder and more complex

Directors guarantees can also be without substance too. If the director has no personal assets then you won't be able to claim anything. Or even if they do have assets there could be hundreds of people making the same claims.

Guarantees are good to have, but just don't think they mean much.