What is a Family Trust
A family trust is a legal arrangement where assets are held by a trustee for the benefit of family members. It is commonly used in family offices for estate planning and enhancing tax efficiency, ensuring that wealth is preserved and managed according to the family’s wishes across generations.
Benefits of a Family Trust
Family trusts offer several benefits, including asset protection, privacy, and control over the distribution of assets. They can also help in minimizing estate taxes and ensuring that family wealth is passed on according to specific terms and conditions set by the trust creator.
