n Personal Finance Newsletter - When is a trust not a trust? : trust

Volume 2006, Issue 312
  • ISSN :



Extracted from text ... Moneyweb's PERSONAL FINANCE December 2006 11 IT seems that in certain circles, it is considered "fashionable" to have one or more trusts set up. Whilst it is true that a trust holds a very valid place in one's financial planning, you need to understand why you are setting up the trust in the first place, and what the legal implications are for all concerned. In my opinion, there are basically only two reasons why you would set up a trust: 1. To protect and preserve assets for your beneficiaries; and 2. To reduce your liability for estate duty. Far too ..

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