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A Family Trust can hold your Income and Assets




 * House and Rental property investments; 

   

* Cash Deposits and Investment Portfolio;

 

 * Personal Shareholdings in partnerships or companies;

 

  * Loans that are owing to you;

  • Valuable  Assets such as Vintage Cars and Collections  such as Art, Coins or other prized Assets;

  • Royalties or Intellectual Rights which are yours or held by your firm;

  • Financial  Arrangements to care for persons designated by you.

  •  Business Arrangements which Trustees must adhere to  complete your life"s work.

  • Directions or Wishes  of a Religious or Charitable nature.

  • Inheritance Assets left to you personally

 

 
Why do I need a family trust?

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How does a family trust work?
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How much does a family trust cost?
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A Family Trust records how your assets should be administered for your family.

  You  set up your Family Trust  by means of a Deed as a Settlor.  You then transfer  your assets to  that Trust.  The Trusteewho have been chosen by you then hold those  assets for the Beneficiaries  of the Trust.  You and your family are the named Beneficiaries.


The Trustees have a discretion to allocate money to Beneficiaries during the running period of the Trust.  Your recorded WishesResolutionsWills,  Letters of Intent and  also the Deed of Trust will direct and guide the  Trustees on how you want them to run your Family Trust.

  In most cases  you  will be a Trustee in your own  Trust.  You will therefore guide other trustees who run the Trust with you or you will be running your own Trust  without other Trustees. This  ensures that you will  benefit from your own Family Trust.

  Personal Directions are set out in Letters of Intent, and at our Sanctuary Trustlaw office also recorded onDVD. Together with other instructions it ensures that other trustees chosen by you will follow your wishes. It is often not necessary to have other Trustees,  but when you get old, feeble or  incapacitated it is wise to have someone else who can run the Trust. Some people may be restricted from running a Family Trust, such as Politicians, Bankrupts, those in prison or when religious matters are of importance to the Settlor. A Life Legacy Letter, which conveys the voice of the heart and transmits teachings  to future generations can complete your Trust Package.

 At Sanctuary TrustLaw we ensure the Trustees meet or interact at least yearly . The writer personally records those interactions in the yearly Minute Book.