What is a Family Trust?
Posted by Frank Polsinello on
Family trusts have been around for many years, and they can be a very useful tool for managing and protecting your family's wealth. In this article, we will explain what a family trust is, how it works, and how it can benefit you and your family. We will also discuss the various types of family trusts and provide some tips for creating and managing a family trust.
What is a Family Trust?
A family trust is a legal arrangement in which a trustee holds and manages assets on behalf of a family. The trustee is responsible for distributing the assets to the beneficiaries of the trust according to the terms of the trust agreement. The beneficiaries can be family members or other individuals, such as charities.
How Does a Family Trust Work?
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