If you assumed that the assets in your family trust are gifted to your loved ones under your Will, you wouldn’t be alone.

However, it’s actually more complicated than that. Assets which are legally owned by the trustee of a discretionary family trust will not form part of your estate on your death. The task becomes one of passing control of the trust to the relevant person. Before we dive into the detail, let’s go back to basics – learn about how a trust works.

For tailored advice on family trust succession, contact us for an estate planning consultation.