Trusts and Their Uses

Trusts can be a fantastic way to specify how our assets are used and how our wishes are carried out beyond our lifetimes. They can be used to pass down wealth between generations including the family business. However, there are a number of things to be aware of and considered before setting a trust up and in this episode I am joined by Matt Braithwaite from Wedlake Bell as we discuss Trusts and their uses. We cover :What they areWhat roles accompany the trustWho should be your trustees Their interaction with other legal arrangements you may have madeHow to get startedYou can find out more about Matt here: https://wedlakebell.com/people/matthew-braithwaite/ Work With Russ If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com Sign up to the Newsletter You can get podcasts, videos and blogs delivered directly to your inbox by signing up to the newsletter. Head over to www.fambizpodcast.com and sign up now

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The podcast dedicated to Family Business. Working with your family can be both rewarding and challenging and this podcast provides you with practical tips and guidance on how to tackle some of these challenges. Check out the series on Governance, Succession, Family Dynamics and Family Business Theory. Each week we will explore the uniqueness of family businesses and provide you with the tools to help your business thrive.