Benefits of a Family Bank Trust
PROTECTION
• Assets are protected from legal attachment, divorce,
lawsuits and creditor claims.
• Not subject to estate tax on the death of grantor.
• Avoids generation skipping transfer tax.
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CONTROL
• Create “Inheritance Standards” that perpetuate your
values and beliefs to create better human beings.
• Create incentives and opportunities for heirs.
• Control when and how the beneficiary comes into wealth.
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Family wealth is not self-perpetuating. Without careful planning and stewardship, family wealth is most often completely exhausted within a generation or two.
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