Family Trust Explained | Why or Why You Shouldn't Use One
In movies and shows we hear the term "Trust Fund Baby" all the time, but just what IS a trust? Many people perceive family trust as an ultra rich concept with mysterious features, but actually its feature is a lot easier to understand in reality. In this video I will be taking everyone through the basics of a family trust, what is it, how is it set up, and in what situation a trust can be useful. Hopefully with family trust explained you have a better idea if you should be considering one! This is not financial advise, speak to your advisors! #canada #estateplanning #finance ▼ Time Stamps [0:00] Start [0:54] Common estate planning tool #1: Using a will [2:29] Common estate planning tool #2: Using a beneficiary [3:49] What is a trust basically [4:02] Basics of a trust [5:25] The structure of a trust [6:53] Scenario #1: Controlling assets [9:13] Scenario #2: Corporate estate freeze [10:53] Scenario #3: Corporate sale in future [12:53] Pros & cons of a trust [14:35] Other notes to keep in mind [15:11] What to consider when thinking of setting up a trust ▼ Join Our Private Group! JOIN OUR PRIVATE FACEBOOK GROUP : / 570482730317382 ▼ Books / Tools I recommend https://www.jackykuk.com/tools ▼ More Content Watch more here: 👉Investment Tips & Trends Playlist: • Investment 2020 Trend and Tips 👉Real Estate Playlist: • Real Estates SUBSCRIBE here: / jackykuk ▼ Reach Us Instagram: / jacky.kuk Website: www.jackykuk.com Email: [email protected] All videos are royalty free videos from: htttps://www.pexel.com https://pixabay.com/videos/search/ https://www.videvo.net/
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