22/10/2025
What is a Family Trust?
A family trust is an estate planning tool that holds assets for the benefit of family members. It is a legal agreement where the grantor (the person who creates the trust) transfers ownership of assets into the trust, which is then managed by a trustee for the benefit of designated beneficiaries, typically family members.
Family trusts can be either revocable (can be changed or revoked by the grantor) or
irrevocable (cannot be altered once established).
Did you know that LM Nkosi Attorneys can assist with matters regarding Family Trust?Contact us today for assistance.