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Succession of Family Trusts & Companies
This area of Estate Planning refers to the process of passing control of your family trust or company, in the event of your death.
Depending on the terms of your trust deed or company constitution, a family trust or company may continue from one generation to the next. Although the trust and company assets will not form part of your estate, you may be able to influence the future control of your family trust and company through your Will.
FAQ’S ABOUT SUCCESSION OF FAMILY TRUSTS & COMPANIES
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Depending on the terms of the trust deed, your family discretionary trust may continue after your death. Although the trust assets do not form part of your estate, you may be able to influence the future control of your family discretionary trust through your Will.
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Transfer of control of your company after your death may depend on who will inherit your shares in the company.
Subject to the company constitution, a provision about who will receive your shares in the company may be included in your Will.
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