A Family Charitable Trust is a legal arrangement where a family sets aside assets to support charitable causes. This trust is managed by trustees, who are responsible for distributing funds to selected charities according to the family's wishes. It allows families to make a lasting impact on their community while also enjoying potential tax benefits. By establishing a Family Charitable Trust, families can ensure their philanthropic goals are met over time. This type of trust can also help in estate planning, as it can reduce the taxable estate and provide a structured way to give back to society, fostering a legacy of generosity.