A beneficiary of a family trust is someone who can benefit from
the assets held in the trust.
This can be a person, a company, or even the trustee of another
trust.
A trustee of the family trust can also be a beneficiary so long as
they’re not the sole beneficiary.
Generally, in most cases, the trustees of a family trust are
usually the parents, and the beneficiaries would be their children, grandchildren,
or even their parents.
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Jason Gwerder
Thursday, 8 June 2023
