Many families are fortunate enough to be blessed with assets, equities, and other forms of wealth, that allow them to leave a substantial inheritance for the next generation. When the time comes to think about succession, various options can be considered, including making provisions in your will, gifting assets during your lifetime, or creating trust. Inevitably, there are many advantages and disadvantages to consider before deciding on creating a family trust and that’s what we’ll be discussing in this article. What is a family trust? In layman’s terms, a family…
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