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Why set up a family trust?
Family trust originated in Europe and America, which means that the client of a family or family business entrusts family assets (including real estate, securities, works of art, enterprises, columns, copyrights and other movable property and real estate) to the trustee by setting up a trust. According to the trust contract, the trustee adheres to the principle of letting professional people do professional things and manages assets in the form of trust, inheritance and public welfare. The beneficiary of the contract enjoys trust interests.
Family trust isolates risks by separating the ownership, management, disposal and income rights of trust property, and distributes income according to the wishes of the client. A good family trust can avoid property disputes caused by death and divorce to a great extent, and help customers realize the preservation and appreciation of family fortune, intergenerational inheritance, and the enterprise's foundation will last forever.
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