Understanding Family Trusts A Guide to Protecting Your Family's Future

Here's how trusts work: we transfer the legal ownership of our assets to the trustees while continuing to use and enjoy them as long as the trust deed permits. Private family trust companies (PTCs) are business entities established by families to serve as the trustee of their family trusts. Family trusts are one of the many ways to transfer generational wealth. They are used to ensure your family members can inherit the things ... Family Trust FCU is here to help you achieve all of your financial goals, whether you are looking to buy a house or planning for retirement or saving to ... A family trust is a powerful, versatile estate planning document for financial security, asset management, and legacy planning. The family trust essentially makes certain that your assets will be allocated as you wish, should something happen to you and makes certain that ... This information will briefly explain how your family trust works and how your Family Trust will achieve these objectives. How do I set up a family trust? · Consult a Professional: Start by speaking with an estate planning attorney or financial advisor to determine if a trust fits ... A family trust starts with a grantor, which is the person who creates the trust to protect and share their assets with family. Family trusts provide asset protection from creditors, secure inheritance for beneficiaries, mitigate estate taxes, and ensure financial ...