A family Trust can help to safeguard your assets. Since the ownership of the assets shifts to the Trust, your assets will be less readily available for distribution to unintended, or even undesirable beneficiaries, such as your child’s former spouse. Whether this kind of asset protection is of benefit to you depends on various factors.
This a legal document that is unique to you and can help make sure your personal assets, the people and things you love are taken care of after you’re gone. It sets out who is responsible for carrying out your final wishes, also known as known as the executor of your Will.