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What Is a Trust? 

A trust is a legal entity with separate and distinct rights, similar to a person or corporation. In a trust, a party known as a trustor gives another party, the trustee, the right to hold title to and manage property or assets for the benefit of a third party, the beneficiaries.

Trusts are needed to: 

  • protect family wealth for future generations against third party attacks. 
  • prevent disinheriting your descendents in case your spouse re-marries.
  • continue caring for the loved ones after death.
  • reduce inheritance tax.
  • maintain perpetual charity after the departure. 
  • ensure vulnerable descendents are looked after.
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