Estate planning is a critical aspect of financial management, ensuring that assets are preserved and distributed according to one’s wishes after death. Among the broad option of estate planning tools available, a family trust stands out as a versatile and effective mechanism for safeguarding wealth and providing for future generations. Understanding how to utilise a family trust in estate planning is possible for individuals seeking to protect their legacy and provide for their loved ones. Here are a number of considerations for establishing a family trust for estate planning purposes:

In the realm of financial planning and asset management, the term “family trust” often emerges, presenting itself as a crucial tool for safeguarding wealth and securing the interests of loved ones. But what exactly is a family trust, and why do individuals opt for this financial structure?