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Many homeowners want to ensure that their home is protected for generations to come. So, understanding how a trust can help protect and manage your home in a way that benefits you and your loved ones, is very important. As experts in different types of Trusts, we can help you do this.
A discretionary trust, also known as a family trust or trust fund, is a legal arrangement where a person or entity (the settlor) transfers property, assets, or funds to a trustee. The trustee then holds and manages these assets for the benefit of a class of beneficiaries, whose identities and entitlements to the trust income or capital are not fixed. Instead, the trustee has discretion in determining how to distribute the trust's assets among the beneficiaries.
At Honey Legal, we can assist you in protecting your family home within a Discretionary Trust, in a way that benefits you and your loved ones, for generations to come.
Setting up a trust can be a complex process, and it's essential to seek the guidance of a specialist estate planner, to ensure it's tailored to your specific needs. Honey Legal make the process as hands-off for you as possible, and provide you with the advice that you need to protect what you love, for those you love.
With our vast experience in estate planning, we aim to be able to answer all your questions in a way that everyone will understand.
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