Why should one setup a Trust ?
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Estate Planning A Trust allows more flexibility than a will and is preferred by many as a tool for estate planning. Protection of the Family Some members of the family need more protection than others, especially if they are disabled or suffer from a condition which prevents them from taking care of themselves. A Trust ensures that these children will have protection even after the death of their parents. Preservation of Family Wealth A Trust can be designed to protect the family wealth because, whilst allowing the children to enjoy income from the capital, the capital will rest in the hands of the trustees thus preventing the children from selling the family assets.
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