Why do I need a Trust?
Family trusts have been around since Roman times. While there are endless reasons why people need to have a Trust, here are a few reasons that provide some benefits:
- Taxation
- Income tax
- Use of another entity
- Asset Protection
- Bargaining with Creditors
- Protection for Professional People
- Relationship Property Protection
- Confidentiality
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Related FAQs
- What is a Trust?
- Who are the key parties for a Trust Deed?
- Why do I need a lawyer to do a Trust? Can't I just use a template?
- What are the tax benefits of having a Trust?
- If I form a Trust will I have to make new Will?
- Why do I need a lawyer to do a Will?
- How can a Will be challenged?
- How do I contest a Will and what is the process?
- When should I update my Will?
- What happens to the Will when a person dies?
- What is a Living Will?
- What are Enduring Powers of Attorney?
- Are there different types of Enduring Powers of Attorney?
- Why do I need Enduring Powers of Attorney?