Am I entitled to a copy of the Family Trust Deed?

Am I entitled to a copy of the Family Trust Deed?

  In responding to a beneficiary’s request for trust information, trustees should follow these essential steps and consider seeking independent professional advice due to the potential complexities involved. A seemingly straightforward request can escalate into a challenge, impacting the trustee’s actions and possibly leading to the Trustee’s removal if deemed improper. Navigating trust transparency requires careful consideration to protect the […]

What is Estate Planning?

What is Estate Planning?

  In summary – Be sure to consider the ownership of estate and non-estate assets.   Estate planning is how you ensure that your assets are distributed or passed on in a way that you want following your death. It also involves the implementation of documents during your lifetime that allow others to make decisions on your behalf when you […]

Even for family businesses, succession planning is crucial!

Even for family businesses, succession planning is crucial!

  In summary – all businesses should prepare for ownership transfers.   On the “dos and don’ts” of managing a family business, there is an unlimited supply of material online. Although there is a wide range of advice on this vast subject, business succession planning is a recurring theme. Specifically, why having one is crucial for family businesses and enterprises […]

Good grounds for creating a Will

Good grounds for creating a Will

  In summary – it is strongly advised to conduct proper estate planning and maintain an up-to-date Will   Writing a legally binding Will, selecting qualified executors, and keeping your Will updated as your circumstances change should all be carefully considered.   No Will or next of kin?   According to recent reports, the state may inherit the $40 million […]