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Why a trust fund is a good option for farmers concerned about providing for their children's future


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Asset handover:  Discretionary Trusts are the most common type of trust where the parents leave all of their assets in trust to their children where the trustees will have the discretion to decide who gets what and when they get it.

Asset handover: Discretionary Trusts are the most common type of trust where the parents leave all of their assets in trust to their children where the trustees will have the discretion to decide who gets what and when they get it.

Asset handover: Discretionary Trusts are the most common type of trust where the parents leave all of their assets in trust to their children where the trustees will have the discretion to decide who gets what and when they get it.

Most farmers are asset-rich and not so cash-rich. Protecting one's assets for a variety of reasons is frequently a major concern to people.

In this article I look at what's involved in establishing a trust under the terms of a will; in other words, after you die and particularly if you die prematurely leaving young children.

In my next article, I will deal with setting up a living trust with a view to protecting your assets while you are alive and possibly after you have gone.