Family trusts help wealthy individuals manage and control their complex financial assets, ensuring that those assets are handled according to pre-set rules, providing stability and clarity.
Establishing a family trust can alleviate the potential for messy inheritances by clearly defining how and when assets are distributed, thereby avoiding probate and legal disputes.
A family trust remains effective immediately, unlike a will which only takes effect after death, providing peace of mind during times of incapacitation or illness.
For those with financial complications or high asset values, a family trust can provide necessary oversight and management, avoiding potential pitfalls during periods of personal uncertainty.
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