Family Trusts
Family Trusts have been a popular and effective method for passing on an estate since the 15th Century. Utilised by the rich and powerful for generations, Family Trusts have become an essential tool for the general public over the last few decades.
As information becomes more widely available and services more affordable, people have been investing in family trusts and protecting their legacy for generations.
By creating a Family Trust, a person (the settlor) may gift away parts of their estate – usually the family home – to a trust and have it held by their trustees – usually children – for their benefit.
This entitles the settlors to live in the family home and enjoy the benefits for life, but have the property excluded from their estate for probate purposes.
The following generations can then also enjoy the benefits of inheriting via the Family Trust, safeguarding their inheritance from divorce, financial hardship and even Inheritance Tax.
Moneybox Wills and Trusts have a suite of Family Trust options available for all estate sizes. Giving peace of mind that your biggest asset is protected for generations to come.
If you would like to find out more about the benefits of creating a Family Trust, contact Moneybox Wills and Trusts today for a free initial consultation.
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