Setting up a Lifetime Trust or creating a Trust in your Will
A Trust is the formal transfer of assets (property, shares or cash) to a select group of people, called trustees, or to a trust company. It allows individuals to protect their assets and control how they are used after they have been given away. You can set up Trusts during your lifetime or in your will.
Setting up a Trust offers opportunities to manage your family’s future security in a tax efficient way, ensuring your hard-earned assets go where they are needed most. The setting up of a Trust can be complicated so it is best to seek professional advice.