Lucinde Rhoodie
Abstract
Creditors as parties to litigation often find themselves in a predicament where the individual against whom they have a claim has assets of insignificant value but is a trustee of a discretionary trust with substantial assets.
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Creditors as parties to litigation often find themselves in a predicament where the individual against whom they have a claim has assets of insignificant value but is a trustee of a discretionary trust with substantial assets.
Key concepts: Trust law, Blind trust, Settlor, Express trust, Creditor, Voting trust, Business, Value (mathematics)