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A family discretionary trust is one of the most effective structures for protecting assets, managing wealth, and preserving intergenerational control. But like any legal instrument, it’s not a “set and forget” arrangement. Over time, a trust that isn’t reviewed can quietly fall out of step with current tax laws, compliance requirements, and your family’s evolving needs.
When most people think about estate planning, they think of a Will. It’s a vital piece of the puzzle—but for those with more complex personal, financial or family arrangements, it’s only the beginning.
When planning your estate, most people focus on who will receive their assets—not how those gifts may be taxed. But the truth is, tax can significantly affect the value of what’s ultimately passed on, particularly if you own shares, property, or a family business.
When someone passes away, managing their estate can be far more complex than many families expect. While a properly prepared Will can offer clarity, the administration process—ensuring assets are distributed, debts are settled, and legal obligations are met—often reveals issues that weren’t anticipated..
For many business owners, the enterprise they’ve built is more than just a source of income—it’s the product of decades of hard work, personal sacrifice, and strategic risk-taking. But what happens to that business when it’s time to step back? Or worse, if something unexpected occurs?
