Category Archives: Trusts

Examples of how Trusts can be used in your Estate

Examples of how Trusts can be used in your Estate

Trusts create the legal relationships between your assets and their beneficiaries. You can structure your Trusts in many ways in order to achieve the ends you want. A major benefit to owning Trusts is to safeguard your assets from creditors, allowing your family to live in peace following your death. Examples of how Trusts canContinue Reading

Funding your Trusts

Funding your Trusts

How and why do you need to fund Trusts? The Trustmaker’s assets need to be retitled and transferred into the name of the Trust. Failing this, the Trustee cannot manage the Trustmaker’s assets. This means that probate will be ensue and your assets will be divided accordingly. Having undergone your Estate Planning process and draftingContinue Reading

The purpose of Trusts in your Estate

The purpose of Trusts in your Estate

Creating Trusts have a number have different applications for your Estate. Choosing the correct Trust structure and allocating a Trustee can be a difficult thing to get right, but Crest Trust is here to help you on your journey. A trust can be used as: A legal instrument to divide your assets A way toContinue Reading

Revocable vs Irrevocable Trusts

Revocable vs Irrevocable Trusts

In setting up your trusts, you will be faced with a choice between revocable and irrevocable trusts. As the name would suggest, revocable trusts are trusts that can be changed and restructured once they have been set-up, whilst irrevocable trusts cannot. There are a variety of different reasons as to why you would select oneContinue Reading

Benefits of creating lifetime trusts

Benefits of creating lifetime trusts

  Protection of minors against creditors and divorced spouses. Protection of spouses against creditors. Ensuring your family’s security after your death. In choosing to create trusts, many people overlook the value in creating a lifetime trust. Most would think it exorbitant or unnecessary to pay out a trust for such an extended period of time,Continue Reading

Trusts: 3 reasons to choose an institution as trustee

Trusts: 3 reasons to choose an institution as trustee

  An institution is most qualified to handle your trusts Choosing an institution will put no strain on family relations This choice offers continuity upon death of trustee Trusts: Qualified Institutions Fiduciary institutions base their entire business around trusts, wills and estates, placing them in the best position to act as trustee for you trust.Continue Reading

Purposes, Types and Administration of Trusts

Purposes, Types and Administration of Trusts

Trusts are used for a variety of different purposes, including setting aside wealth for your dependants and honouring maintenance agreements. Trusts can be structured in varieties of ways to suit different needs, including protecting assets from creditors, creating college funds and securing your next generation’s wealth. Trusts can be administered by a trustee, the bestContinue Reading

Structuring different trusts

Structuring different trusts

  Setting up trusts to pay for your child’s higher education fees one day Setting up trusts to honour maintenance commitments Setting up lifetime trusts to ensure the longevity of your future generations Trusts: Higher Education One of the most popular forms of trusts is that of planning for your child’s future. The future isContinue Reading

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