Setting up and implementing a family trust is a complicated and specialised area. Our team will use their considerable experience to ensure your family trust will provide you with the maximum benefits.
A well formulated family trust can ensure that:
- assets are protected for family members;
- family members or a family business are protected from possible relationship property claims or from family protection claims (contesting a will);
- the assets of someone who is unable to manage his or her own affairs are managed effectively;
- tax liability is minimised.
However, there are also certain obligations associated with setting up family trusts that you need to be aware of. Contact a family trust lawyer at Henderson Reeves today, to learn whether setting up a family trust is right for you, and how a trust could benefit your family.