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What Is a Family Trust?

A family trust is simply a subcategory of the living trust. A family trust can be either a revocable trust or an irrevocable trust; it can be both a living trust and an irrevocable trust and it can be both a living trust and a revocable trust.…

Should you use a family trust as your business structure?

Apr 25, 2014 · Business Structuring Made Easy! Part 5: Family Trusts. A trust is a structure wherein a Trustee (either an individual or company) carries on the operations of the Trust on behalf of the beneficiaries. The actions of the Trustee are governed by the Trust Deed, which details the rights and obligations of all parties.4.9/5(15)…

What Is A Family Trust And Why Would I Want One As A ...

A family trust is a legal relationship between trustees, who control the family trust's assets, and the beneficiaries who benefit from the family trust's assets. Trustees are most commonly Dad, Mom, (or the specific form of your family's parental make-up; for this article we will use Mom and Dad) and another family member or trusted business advisor.Author: Derek Wagar…