What a trust can do
Trusts can be set up during your lifetime or through your will. They let you decide how assets are used, who benefits and when, while keeping those assets separate from your beneficiaries' own finances.
- Protect an inheritance if a beneficiary divorces or faces creditors
- Provide for children or grandchildren until they are ready
- Support a vulnerable family member without affecting their benefits
- Help reduce delays and costs when an estate is administered
- Form part of a wider inheritance tax strategy
Choosing the right trust
There are several types of trust, each with different tax treatment and levels of control. We explain the options in plain terms and recommend only what fits your circumstances.