Talbott v. Hustwit

In Talbott v. Hustwit (2008) 164 Cal.App.4th 148, the court found enforceable guaranties executed in connection with a loan to a trust. The court concluded the defendants were true guarantors because the trust arrangement provided them with a significantly greater degree of separation than in Torrey Pines. (Talbott, at p. 153.) The defendants were only secondary beneficiaries of the trust, and they used a limited liability company as trustee, thus limiting their personal liability for the trust's obligations. (Ibid.)