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Succession planning will protect your assets and
create a financial legacy for your future generations.
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Succession planning keeps your assets separate to your estate. This means no assets are frozen, your family can continue to have access to those assets. Your succession planning has worked, enabling your family to live their lives.
The trustee has complete discretion over who receives the trust's profits in any year. Importantly, no beneficiary has the right to demand a distribution from the trust, giving families greater control over their assets.
If you are unable to manage the assets held in your trust, the trustee will ensure proper distribution and management of your assets. This can be essential if the beneficiaries of the trust are minors or unable to manage assets for themselves.
A family trust can help keep information confidential. This can be an important consideration for families who wish to maintain privacy around their wealth and succession plans.
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If you are looking to protect your wealth, succession planning may be the right option for you. However, it's important to talk to an expert to ensure that you set up the trust correctly and take advantage of all the benefits it can offer.
At MWA Wealth Protection, we will advise you on the best way to set up your family trust, ensuring that there are no hidden fees or surprises down the road.
Book a consultation with us and learn more about how we can help you protect your wealth and plan for the future.
