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Britam Family Trust

A Family Trust is a legal entity that is created to hold and preserve family wealth by providing a controlled and predictable way of transferring family property/assets for the purpose of planning and managing one’s estate from one generation to the next.

The role of the settlor (founder of the trust) who currently holds ownership of the property is to create the trust for the benefit of another (beneficiary). He/she then transfers ownership of the assets to the trust and prescribes the terms and conditions of the trust through a legal document referred to as a Trust deed. This is followed by the appointment of a trustee to manage the trust property on behalf of the beneficiary(s).

Examples of assets that can be held in a Family Trust, include:

  • Land and other Property e.g. Family Homes, Rental Property, Commercial Property etc
  • Financial assets: Investment such as e.g Shares, Bills, Bonds, Investment accounts etc
  • Businesses and/or Companies
  • Cash and cash equivalents

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