This legal arrangement, also known as trust, is able to develop various strategies to accomplish & protect estate planning, asset protection, and privacy benefits for the beneficiaries and settlers (those who have the right to receive income or principal from trusts either now or in the future).
For your family asset protection service you can also look for UBS Global Family Office Return & Impact.
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It has been around for many hundred years. The Family Savings Trust is becoming a popular tool for estate planning and asset protection.
Family asset protection trusts are extremely useful for high-net-worth individuals, parents with complex or difficult families, family businesses that need succession planning, and private business owners who want to plan for retirement and a safe exit strategy. It is flexible and can help you achieve your most important estate and asset planning goals.
A family saving trust is a successful technique for holding ownership interests in companies/corporations, family limited partnership firms, and limited liability companies.
This is a legitimate way to protect and preserve family assets from lawsuits, business risks, or uncertainties. The family saving trust can be combined provisions from domestic and offshore arrangements in the plan document.
It is a flexible trust. The trust can be used to hold all assets of the family, but it must also govern it in a way that is beneficial for assets. Family saving trusts can be used to eliminate the need for outright gifts to children or family members.
The family savings trusts can include the "offshore benefits" as an extra feature. This is possible in case of a later need. If the situation requires, the family asset protection trust may be restructured to move to a more friendly and relaxed jurisdiction (domestic as well as foreign).