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It is not how much money you make, but how much money you keep, how much of it works for you, and how many generations you keep it for. Robert Kiyosaki

Who will take care of  your loved ones, especially the children and ensure their education, medical care and general well being is in place?

Unlike a will, a Family Trust provides continuity of the estate of a deceased person by ensuring that the estate devolves to future generations and more importantly through capable and reliable people.

A Family Trust is a relationship between the Settlor (the founder), who creates the Trust and decides what goes into it, the Trustee(s), who hold title to the trust assets in their own names and deal with them as instructed in the trust deed and the Beneficiaries, who receive the benefits from the Trust.

The procedure for registering a Family Trust follows a similar process for general trusts. The distinguishing factor being the  purpose for which the trust is created.

Why Should you create a Family Trust?

• Succession Planning – To reduce or minimize disputes in the control of assets.
• To protect vulnerable beneficiaries.e.g. children who are differently abled, intoxicated beneficiaries, spendthrifts etc.
• To avoid the probate process which is expensive and time consuming.
• To Protect your legacy.
• For confidentiality
• To enjoy the tax advantages that come with family trusts.

Process of creating a family trust

• Create a trust deed with the assistance of a legal professional
• List you assets
• Incorporate a business which is a trust
• In case there is need, write a will mostly for assets that may not fit in the trust if any

Book an information session today!