A Practical Guide to Family Trusts

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Recent Articles

Trust Funds vs Personal Funds

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A trust can be an effective structure for asset protection, succession planning, and managing family wealth. However, the benefits of a trust depend on it being properly administered. One issue that can create problems for trustees and beneficiaries…
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Do You Know Who Your Trust Beneficiaries Are?

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Beneficiaries are the people for whose benefit a trust has been established. They may be named individuals, or they may fall within a wider class, such as “children”, “grandchildren”, or other family members. It is important for trustees…
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Memorandum of Wishes: What are they and why are they important?

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A Memorandum of Wishes, sometimes called a Letter of Wishes or Memorandum of Guidance, is an important document for anyone who has established a trust. It allows the person who created the trust, known as the settlor, to record their wishes…
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