A trust is a legal arrangement between four key parties:
- The trustee
- The settlor
- The beneficiaries and
- The protector
The trustee holds and manages assets contributed by the settlor for the benefit of the beneficiaries. The protector oversees the operation and ensures checks and balances.
While often misunderstood, trusts can not only safeguard your and your family’s future prosperity but also support your societal goals. Trusts fund educational initiatives and contribute to charitable causes, effectively preserving what matters most to you.
Trusts also enable the creation of governance structures involving family members and trusted professionals. Together, these individuals can oversee strategic decision-making and the stewardship of the assets, ensuring that wealth is handled according to the settlor’s wishes.