ORBIS Legal Profession Corporation

Family Trust
Family Trust

Do you have any of these concerns?
A family trust can solve them.

Worried about managing assets after developing dementia
Want to take a long-term approach to inheritance tax planning.
Want to protect the lives of my spouse and children in case something happens to me.
Own real estate, stocks, etc. and worried about how to utilize them or inherit them.
Want to properly handle business succession.
Worried about inheritance of assets after I die.
Have children from my ex-wife or ex-husband and worried about dividing my inheritance
Have children or relatives with disabilities and worried about my future life.

What is a family trust?

A family trust is when an asset owner entrusts their assets to a trusted person such as a family member or relative, who then manages and inherits them.

The person entrusting the assets is called the “settlor,” the person entrusted with the assets is called the “trustee,” and the person who receives the benefits is called the “beneficiary.”

For example, the father could be the trustor and the eldest son the trustee, and the beneficiary would initially be the father, and then, if the father dies, the mother.

A family trust is when an asset owner entrusts their assets to a trusted person such as a family member or relative, who then manages and inherits them.

By using a family trust, parents can pass on their wishes to their children and grandchildren, while also providing peace of mind for their families by allowing them to take measures against dementia and inheritance in advance.

For example, if a parent develops dementia and needs to move into a nursing home, they can sell the house they were living in and use the proceeds to cover the costs. Furthermore, after their death, parents can leave their assets, such as the house and cash, to their children while protecting their wife’s livelihood for the long term.