WHO ARE THE PARTIES TO THE TRUST?
• The parties to the trust are: • Trustee • Grantor • Successor Trustee • Beneficiaries Who are the dependants? • The dependants are defined as the following: • A child of the member of the trust • A spouse of the member of the trust • A person who is partially or wholly dependent on the trustee member Advantages of the trust for the benefit of dependants The trusts that are set up for the benefits of the dependants of the trustee provide benefits to the people who are dependent on the trustee. If the trustee dies or becomes disabled, then the dependants can reap the benefits incurred by the trusts. The trust allows the dependant person to have a secured and a protective life after retirement. Financial crisis can be avoided with the help of the trust. Know which one suits your purposes better and go for the right thing. Take the decision now to secure your future tomorrow.
Related Questions
- Will I be required to maintain a trust account to process funds through to pay third parties (referrers) and credit representatives or receive commissions from lenders on my aggregators Lending Panel?
- Why have the parties lost trust in each other in the Northern Ireland peace process?
- How many parties are required to enter into a Trust?
