A‌ ‌family‌ ‌trust‌ ‌protects‌ ‌your‌ ‌children.‌ ‌You‌ ‌decide‌ ‌who‌ ‌will‌ ‌take‌ ‌care‌ ‌of‌ ‌your‌ children‌ ‌and‌ ‌their‌ ‌assets.‌ ‌Family‌ ‌trust‌ ‌terms‌ ‌include‌ ‌Grantor,‌ ‌Trustee‌ ‌and‌ ‌Beneficiaries.‌

The Grantor, sometimes called the Settlor or Trustor, is the person that creates the trust. The Trustee is the person responsible for administering and distributing trust assets.

A beneficiary is a person or organization that receives distributions from the trust. 

In a family trust, the parent is the Grantor, Trustee and initial Beneficiary. As the parent you place your assets in the trust. You can add and remove assets from the trust to provide for your needs and your family’s needs. You choose the persons you want to administer and distribute your assets for your children when you die, and the age that your children can receive your assets free of the trust.

We handle all the details and will explain the process in our initial consultation.

Setting up a Hawaii Family Trust helps ensure that your assets will be distributed to your beneficiaries according to your wishes.

Schedule an appointment with Andrew Iwashita at MyChildMyVillage.com to learn if your Family Trust qualifies for lower estate taxes. We can help you maximize the assets you wish to pass down to your children and other family members.