TRUST SERVICES
Family Trust
Ensuring that your assets and wealth are seamlessly passed down to your loved ones on your own terms.
What is a family trust?
- A family trust is a standard trust designed to protect and manage your family’s assets, throughout your lifetime and after death. It is a private fiduciary arrangement whereby the ownership of assets is transferred into a trust to be managed by the trustee for the benefit of your family members.
- Unlike a direct transfer of wealth, a family trust is a dynamic vehicle used to manage, protect and distribute family wealth across generations according to precise, pre-defined instructions.
- This arrangement is typically a revocable discretionary trust, meaning upon establishment of the trust, you can change, amend or revoke it anytime and the person managing it has the power to decide how to distribute the income.
- Family trusts are often living trusts (created during your lifetime).
SIMPLE FAMILY TRUST STRUCTURE
What are the benefits?
Preserves family legacies
Ideal for holding a family business or shared property
Reduces family disputes
Clear instructions reduce conflicts among family members
Ensured succession
The successor beneficiaries are locked in and protected
Structured control
Ensures young children are cared for in unfortunate situations
Asset protection
Controlling the inheritance protects irresponsible spending
Education & care planning
Ideal for minor children or beneficiaries with special needs
Privacy
Unlike a Will, trust details usually stay private
Who should consider a family trust?
