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Family Trusts: What They Really Do—And Should You Have One?

She's On The Money

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Understanding Family Trusts

This chapter delves into the intricacies of setting up family trusts, outlining their potential benefits and drawbacks. It emphasizes the need for careful planning, professional assistance, and compliance with tax regulations to avoid common pitfalls. Through various scenarios, it illustrates when family trusts can be advantageous, especially for families looking to manage wealth distribution effectively.

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