As the trustee owns the trust property on behalf of the beneficiaries, the trust property is not available to the trustee's creditors in the event of:

Question

Quizplus · Accepted Answer

The trust property is not available to the trustee's creditors in both bankruptcy and liquidation. In the event of the trustee's death, the trust property will be passed on to the beneficiaries according to the terms of the trust, and will not form part of the trustee's personal estate.

As the Trustee Owns the Trust Property on Behalf of the Beneficiaries