28/12/2019 Financial & Legal Services
A Creation of Family trusts is very powerful and comfortable, and if used wisely can be an outstanding tool not only for succession planning, but also for managing resources, finances and investing in securities and utilizing the returns deserved by the trust for the advantage of the recipient.
Legal aspects come in mind before setting up a Family Trust
2. Stamp Duty
3. Management and governance
4. Revocation or determination of the trust