Family trust is surely one of the best ways to plan properly the management of family assets. This contract can be differently applied with the specific competences required.
Only with the help of an expert, in fact, you can spot the most suitable characteristics in the course of a family trust development, to fully benefit from it.
One of the reasons underlying the necessity of safeguarding personal or family patrimony, could be the fear for the future of your real estates, or also, for shares as well as cash that could fall into the wrong hands.
After fixing the elements to insert in the family trust, like the different kinds of incomes and net worth, it’s also fundamental to identify the person to whom to assign the role of administrator.
Regardless of the chosen kind of trust, it’s necessary to rely upon a competent person that takes care of administration of the instrument for the protection of personal as well as family patrimony adequately.
In consideration of growing instability and unpredictability of the markets, as well as of the evolution of the Tax Law and aggressiveness of subjects on the markets, to adopt solutions for family asset protection is the best way to ensure a quiet future.
Parents, sons and nephews could be involved in complicated business affairs that could lead to claim family assets, thus threatening the possession of family properties, passed on from generation to generation.
Similarly, de facto couples could also use a trust for asset protection, and to avoid any eventual future risks arising from the application of Inheritance Law that could exclude the cohabitee from the inheritance.
Generally, the family trust can offer guarantees and contract flexibility often lacking in the norms of the Inheritance Law, revealing themselves sometimes old or even ineffective to defend individuals’ rights in the complex hereditary questions as for the family matters.