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Mar 24, 2021 · Whether you’re considering creating a lifetime or will trust, our guide to family trusts in the UK will help you get started. What is a trust? A trust is a legal entity set up by an individual (known as the settlor) which allows another person to benefit from an asset without being its legal owner.
Oct 29, 2021 · Trusts in Family law proceedings. 29 October 2021. Our Partners: Sarah Higgins, Tamasin Perkins and Nicola Thorpe answer some of the most important and crucial questions concerning trusts on divorce.
Mar 31, 2021 · Whether you have a disagreement with another beneficiary, are concerned that a trust is being mis-managed, or you are a trustee and your actions are being challenged, our guide explains the relevant trust dispute issues to be aware of.
Jul 30, 2024 · In this article, we discuss trusts more widely, before focusing on when a 'family trust' may be appropriate for a family's succession planning. Tax is just one factor as to when and why a trust may be used, and often is not a primary consideration.
Feb 7, 2024 · By establishing a Family Protection Trust, you not only secure the financial well-being of your loved ones but also gain peace of mind knowing your assets are being protected and distributed how you would wish.
Feb 1, 2024 · A family trust puts assets in the hands of new legal owners – the trustees – to hold on behalf of and manage for the benefit of a class of beneficiaries. The trust deed sets out the powers and duties of the trustees, essentially the rulebook of the trust.
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FAMILY TRUST (ASSET PROTECTION TRUST) FACTSHEET. Why create a Family Trust? A Trust is a relationship which is recognised by the Courts, and the details of the Trust are contained in a formal Trust Deed which acts rather like your family legacy rule book.