Family Trusts

A family trust is a legal arrangement where a person (the grantor) transfers assets into a trust managed by a trustee for the benefit of designated family members. It allows for control over how assets are distributed, provides potential tax benefits, and can help protect assets from legal claims or creditors. Family trusts are often used for estate planning, ensuring assets are managed according to the grantor’s wishes, and facilitating smoother transfer of wealth to future generations. They do not typically involve probate, making the process more private and efficient.