what is family trust, and what is it for?

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  • #3753
    johnwsam
    Participant

    A family trust is a legal “setting” where a person or a company agrees to hold and protect the property for benefitting others. The persons who get the advantage of this is generally the family members of the grantor such as a spouse, blood relations, or a lawful member of the family in case of adoption. This legal advice is usually to develop by the families themselves. Also, know as a discretionary trust, a family trust invest in the trustee the power to curate the manner in which income and capital gains from the trust will then be distributed between the beneficiaries.

    #3759
    Kaka88
    Participant

    Very nice post

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