Australian Asset Protection Podcast: Lawsuit Proof | The Ultimate Insurance | Dean Argent

Asset Protection Tools. Trusts and companies.   I’m often asked about the asset protection tools I commonly use: trusts and companies. Here’s how they work.   In this podcast, I explain that Companies and trusts are simply tools. Just like you have tools that you use in your job, I have tools that I use in mine. And the 2 most common tools of my trade are companies and trusts.   Sometimes I use different types of trusts and there’s heaps of different types (42 actually). But for most people the Discretionary Trust is the one you’ll use.   So What is a company? and What is a trust? I’m sure you’ve heard of a company before. You’ve probably even heard of a trust. I’m about to explain to you in dead-set simple terms what it all means.   A company is a legal entity. Just like you are a legal entity, just like I am. A trust is also a legal entity. It’s its own separate legal entity. A company and a trust can both do the following thi