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    y member. It's difficult to challenge a will in this sort of situation, which is always attractive to the person or persons who set up the trust in the beginning.

    When setting up a family trust, certai

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    A family trust is usually set up by a member of the family, to benefit the rest of the members of that family. There are certain tax benefits that arise from the set up of a discretionary trust (which is the more "accurate" name for a family trust), providing the trust passes the various legal and taxation tests to determine its eligibility.

    An additional benefit is that a family trust can protect the family's assets from any liabilities of a member of that family (for example, if someone has to declare bankrupt or insolvent, etc.).

    Also, a family trust allows you to pass the assets of the family onto future generations, while still giving them the taxation benefits they want.

    Lastly, a trust can help bypass any sticky issues that might crop up should there be a death of a senior family member. It's difficult to challenge a will in this sort of situation, which is always attractive to the person or persons who set up the trust in the beginning.

    When setting up a family trust, certain

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    (which is the more "accurate" name for a family trust), providing the trust passes the various legal and taxation tests to determine its eligibility.

    An additional benefit is that a family trust can protect the family's assets from any liabilities of a member of that family (for example, if someone has to declare bankrupt or insolvent, etc.).

    Also, a family trust allows you to pass the assets of the family onto future generations, while still giving them the taxation benefits they want.

    Lastly, a trust can help bypass any sticky issues that might crop up should there be a death of a senior family member. It's difficult to challenge a will in this sort of situation, which is always attractive to the person or persons who set up the trust in the beginning.

    When setting up a family trust, certai

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    rotect the family's assets from any liabilities of a member of that family (for example, if someone has to declare bankrupt or insolvent, etc.).

    Also, a family trust allows you to pass the assets of the family onto future generations, while still giving them the taxation benefits they want.

    Lastly, a trust can help bypass any sticky issues that might crop up should there be a death of a senior family member. It's difficult to challenge a will in this sort of situation, which is always attractive to the person or persons who set up the trust in the beginning.

    When setting up a family trust, certai

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    e family onto future generations, while still giving them the taxation benefits they want.

    Lastly, a trust can help bypass any sticky issues that might crop up should there be a death of a senior family member. It's difficult to challenge a will in this sort of situation, which is always attractive to the person or persons who set up the trust in the beginning.

    When setting up a family trust, certai

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    y member. It's difficult to challenge a will in this sort of situation, which is always attractive to the person or persons who set up the trust in the beginning.

    When setting up a family trust, certain roles need to be assigned:

    A settlor has the role of giving the assets of the trust to the trustee. This is said to be "executing the trust" and usually finishes the settlor's role in the trust.

    A trustee is responsible for the trust and its assets. They have broad powers to conduct the trust, and manage its assets.

    In a typical family trust, the trustees are usually the mother and father (or a company of which the parents are the shareholders and directors). Their children and any other dependants are usually listed as beneficiaries.

    One of the major benefits of a family trust is that the trustee can distribute income earned by the trust however they wish, as long as the money/assets only go to people who are qualified beneficiaries. The trustee can vary this from year to year,

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