If you happen to be one, David Garry says it makes sense to set up a family trust as you start out. “They really need to seek advice in regard to how best to protect the business assets to ...
"Some trust funds are set up to keep money in the family in a case of death or divorce. These are all high-level reasons, but they are indeed useful for middle class and wealthy families," Fish says.
A family trust can ensure responsible management of this wealth as it can have conditions set by the settlor as the ... tax free payments to beneficiaries up to Sh10 million.
Keep reading to learn all about testamentary trusts, how to set one up and why some experts say they have fallen out of favor. Trusts are created to hold assets, and money in a trust is managed ...
If you happen to be one, David Garry says it makes sense to set up a family trust as you start out. “They really need to seek advice in regard to how best to protect the business assets to ...
A family trust is a powerful tool ... Establishing a trust allows families to set aside a portion of their earnings, ensuring that not all wealth is tied up in the business and reducing overall ...