Future Heirlooms

When families begin thinking about how to pass on assets, the word "trust" often comes up. But a trust is not a single product. It is a legal arrangement with several distinct forms, each designed for different goals. Two of the most common structures used for family wealth are bare trusts and discretionary trusts. Both can hold assets such as property, investments or cash, but they work in very different ways. Understanding those differences is essential before deciding whi