There are many different types of trusts available: asset protection trusts, special needs trusts, constructive trusts...the list goes on. However, the most effective trust used to build and maintain family wealth is a family trust. A family trust is used specifically to benefit the individuals in a certain family. A family trust enables the grantor to protect family assets.
We try and help you understand the immense value of a family trust:
At TAT Accountant, we provide a wide range of Family Wealth Services including Trusts, Estate Planning and offshore structuring. We handle everything from payroll services to the handling of family trusts. Family trusts are a fantastic way to both build and maintain family wealth. Unfortunately, many people are still sceptical of family trusts and wonder, “What are the benefits of a family trust?” However, as you can see, there are quite a few significant benefits. If you or someone in your family is interested in setting up a family trust or needs assistance in managing an existing family trust, TAT Accountant consultants are here to help.