Getting advice

Family trusts can be quite technical and need legal expertise, and sometimes accounting expertise. They should usually be formed by a lawyer or a trustee corporation.

If you use a lawyer, make sure that the individual you choose is experienced in trust work (lawyers have different specialties and not all of them are good with trusts). Ask for references from other clients.

Good advice on trusts is important. It may seem to cost a lot to get an expert, but it may cost even more if things are not done well. Just think about the possibility of your children suing you!