Family Trusts

A family trust is a legal and lawful method to hold and protect some or even all of your assets for you and your family, importantly also in the future. It is an even better way in many ways to protect assets and income than incorporating a company.

​

Why have family trusts?

• You want to protect your assets against claims on your own estate.

• You want to keep certain assets in the family.

• Protecting your assets in the case of a relationship breakdown. Often used with a contracting out agreement.

• Things go wrong, the future is unknowable in many important ways, and you are not exempt from life’s vagaries. A family trust can protect your family assets.

​

 Who should have a family trust?

Anyone who needs or wants to protect their assets or keep them in the family.

​

What is needed?

• A settlor:  the person who sets up the trust.

• The people or entities the trust will benefit:  the beneficiaries.

• The trustees:  the people or entities who will run the trust and protect and distribute the assets and income.

​

How do I set up a trust?

I can set up your family trust; by drafting the trust deed, and helping you to create the trust and advising on its running. There are ongoing obligations on the trustees, I can advise on these. Also, trust law is changing and I can advise on these changes also.

​

How much does a family trust cost?

It all depends again on complexity. So your wishes and assets will generally be determinative of costs. An estimate can be given once I have a better understanding of your circumstances. In general see             .