Outline

Many people like the idea of a family trust as part of their legacy plans. But there’s fear and trepidation that should they set up a trust, they lose control and they end up paying hefty fees to trustees! Besides, as they are still able and sane, they don’t actually need trustees to get involved in their property and affairs as yet. Is there a solution?

The speaker will speak on the concept of a standby family trust and how this technique has been successfully employed for many families today as part of legacy planning. He will also tie in this structure with the will and the lasting power of attorney with respect to death and mental incapacity scenarios.