The Family Wealth Transfer Plan is best suited to those individuals who have worked diligently over the years to save and now have enough funds set aside to begin creating a family legacy. It is also suited to individuals who have completed the wealth accumulation phase of their lives and are now preparing to benefit from properly planned asset accumulation.
These individuals may want to accomplish one or more things such as:
Aside providing asset protection for children, the use of Trust will allow you to set parameters regarding the management of those assets whilst also providing and protecting your family members and others.
An effective plan will meet your objectives, whether those objectives are to increase the benefits of ownership and assets, distribute assets to family members or charities, appoint capable estate managers as Executors and Trustees, reducing taxes, probate and administrative costs, and/or ensure the estate’s liquidity and stability.
So, are you going to make a plan now or leave it to chance? You can ask any questions you have about Trusts, wills and Estate planning which may be answered on our radio show: Mondays by 7pm on Classic FM 97.3FM.
