Trusts
OVERVIEW
A trust is a legal arrangement where one person (the trustee) holds and manages assets for the benefit of others (the beneficiaries).
Trusts can be set up during your lifetime or through your Will. They’re often used to protect assets, provide for family members, or plan for the future.
Despite what many people think, trusts aren’t just for the wealthy—they can be a practical way to support and protect your family.
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If you’re considering setting up a trust or need advice on an existing one, we’re here to help.
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Full Detail
Why set up a trust?
Trusts can be used to:
- Protect assets for future generations
- Provide for children or vulnerable beneficiaries
- Manage how and when money is passed on
- Support charitable giving
Types of trusts
There are different types of trusts depending on your needs. These may include:
- Charitable trusts
- Lifetime property trusts
We can advise on the most suitable option based on your circumstances.
Trustees and responsibilities
Trustees are responsible for managing the trust and acting in the best interests of the beneficiaries. This includes looking after assets, making decisions, and ensuring the trust is administered properly.
A trust must have:
- At least one trustee
- At least one beneficiary
The same person cannot be the sole trustee and sole beneficiary.
How we can help
Setting up or managing a trust requires careful planning and the right advice. Our team can guide you through the process and make sure everything is structured correctly.
We can help with:
- Creating trusts during your lifetime or through your Will
- Advising on the most appropriate type of trust
- Supporting trustees with ongoing administration
Get in Touch
If you’re considering setting up a trust or need advice on an existing one, we’re here to help.
New website enquiry
