Living Trusts, FBN Trustees, FBNQuest
Big or small, your Estate needs a plan; that is, directives on what will happen to your assets when you are not present to give direct instructions. A flexible alternative to achieving this is via a Living Trust arrangement. This is because a Living Trust allows you enjoy the benefits of your estate while alive and then seamlessly transfer your wealth after you are no more.
Living Trusts: A definition
A Living Trust is a legal arrangement that allows you transfer the management of your assets to another entity (a Trustee) for the benefit of some other persons (the beneficiaries).
In the case of a Living Trust, the Settlor (you – the person who owns the estate) is the principal beneficiary and all the benefits of the Trust are first accrued to you and then to other beneficiaries you’ve outlined.
Further on your granular control over your Living Trust, you can be as specific as setting up a trust for your grandchildren or your relatives. You can set up healthcare trust, dependent trust, family trust – whatever objective you have, can be accommodated in a Living Trust.
More advantages of a Living Trust include:
A Living Trust is a key component of your Estate Plan and to get the best out of it, it’s advisable to speak to an institution like FBN Trustees to understand what plan best suit your needs.
FBN Trustees exists to help make wealth transfer processes easier.
A member of the reputed FBN Holdings Group, we are a team of experts who have in-depth industry knowledge, local awareness and relevant experience, having helped develop wealth transfer plans for families over several decades.
You can count on us to provide you with bespoke solutions to address your wealth transfer objectives, especially as we realise that no two individuals have exactly the same needs.
Start planning for the future of your wealth today to leave a legacy that will last for generations. Contact FBN Trustees to schedule a consultation.