Hints and tips:
...Lady Suzanne Heywood, an RA trustee and director at consultancy McKinsey, has been enlisted to look at the structure but Mr Saumarez Smith’s expectations remain modest....
...The loans are supposed to be transferred to the securitising trusts at the time of sale....
...“You can create an irrevocable trust governed by Delaware law where you contribute assets and an independent trustee controls the discretion over distributions,” she says....
...One IPI member who is co-trustee of her mother’s irrevocable trust agrees, saying: “I am glad to have the advice and protection of the corporate trustee.”...
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