A trust is a legal arrangement that holds assets for the benefit of others. A trust may be created for the financial benefit of a spouse, children or perhaps a charity.
There are many types of trust arrangements available. Some are written into a will; others are standalone trusts. Each type of trust is taxed differently and some may reduce inheritance tax liabilities.
You should always take specialist advice for setting up a trust. If you would like to find out more about what options are available with absolutely no pressure, please get in touch with us to arrange an appointment.