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What is a family trust?

The purpose of a Family Trust is to establish a way for your family to reap direct financial benefits from your Estate Planning efforts. Trusts, by definition, are three-party relationships.

How do I set up a family trust?

There are online options that can help you set up a family trust yourself. However, since this is an important, legally binding document, it’s best to meet with an estate planning attorney or financial advisor to determine the best type of family trust for you and to ensure the trust is set up correctly.

Do you need a family trust?

There are several benefits to creating one, including ensuring your family members receive your wealth and avoiding public disclosure of trust assets. However, not every family necessarily needs a family trust, as there are other options too. If you have questions about your family’s situation, consider speaking with a financial advisor.

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