Trusts and Asset Protection (Part I)

TOPIC: TRUST AND ASSET PROTECTION : Have a leasing corporation that leases from the trust and subleases to make a profit. Instead, after having formed a corporation, the Trustee through his corporation had leased the property from the Trust, and his lease had given the corporation the right to sub-lease the property to its own tenants at a price that would provide it an acceptable profit. This was…