In part one of our series on Trusts, we explore the unique challenges faced by blended families. Picture your family trust as a citadel protecting your hard-won assets - but what happens when new family members enter the picture? Through the story of David and Jane's blended family, we illustrate how seemingly innocent actions can inadvertently create legal claims on trust assets.
If you’re a club or other organisation incorporated under the Incorporated Societies Act 1908, you’ll need to re-register under the new 2022 Act to remain an incorporated society. If you’re feeling a little stressed about it all and want some guidance, just give us a call.
Having a trust today days comes with big responsibilities and obligations. Managing your trust properly is critical to ensure the benefits remain in place the way you intended them.
Trusts are often used to protect assets from being at risk due to debts, business liabilities, relationship breakdowns, or to help arrange the distribution of assets to younger family members in the future.
