You’ve been told to make a family trust election. Here’s what that actually means.
If you’re running a family business or managing family wealth through a trust, chances are your accountant has recommended that you “make a Family Trust Election” (or FTE for short). If your response was, “Sure… what exactly is that?”, you’re not alone. Let’s demystify what this election is, why it’s coming up now, and why it’s worth talking to a lawyer before you commit. What is a […]