When trusts get in the way
Catherine Grum provides an overview of how best to apply family governance when a trust holds a family business
Key points
What is the issue?
Trusts holding family businesses can present challenges for trustees, particularly where some, but not all, beneficiaries remain involved with the business.
What does it mean for me?
A trust can provide some governance but more may be required to minimise the potential for conflict.
What can I take away?
Please login to access this content
If you are not a member, find out more about joining STEP or subscribing to STEP articles.