family trust

(redirected from Family Trusts)

Family Trust

A trust into which the trustor places assets to be distributed to children following his/her death. Specifically, a family trust does not name the trustor's spouse as a beneficiary. See also: Q-TIP.

family trust

A trust established for the purpose of passing assets to children or other heirs rather than to a surviving spouse. See also sprinkling trust.
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Even with portability of the exclusion amount, family trusts are still widely used in estate planning.
to 33, including 27 public trust companies, two trust departments and four family trusts.
But one aboveboard form of compensation that Stuart received was a $20 million life insurance policy with his family trusts as the beneficiaries.
The Azima Family Trusts continue to hold a significant shareholding in NetScientific.
Family trusts are separate legal arrangements that are familiar to many family business owners.
In an upcoming BBC programme, it is claimed that HMRC investigated the Ecclestone family's tax affairs for nine years before offering to settle for a 10 million-pound payment from the family trusts in 2008.
After a nine-year investigation into the family's tax affairs, HMRC offered to settle for a PS10million payment from the family trusts in 2008.
Global Banking News-December 19, 2012--NZ's new anti money laundering law to bring family trusts under scrutiny(C)2012 ENPublishing - http://www.
Offshore family trusts can be used to avoid messy, public estate battles, says Silvia On, a Hong Kong-based registered foreign lawyer at Stephenson Harwood
HSBC Bank USA, a unit of HSBC Holdings (LSE: HSBA) has been ordered by a court to pay compensation to seven Seymour Knox family trusts.
Executing planning using family trusts can provide this and can eliminate some but not all of the issues for families.
A senior Birmingham chartered accountant who has spent 40 years working with Cadbury family trusts dedicated to improving the lives of the less fortunate retired this week.