A trust is a legal arrangement whereby one individual will look after assets (including money or property) on behalf of somebody else.
There are a number of reasons why it may make sense to set up a trust:
- To manage money or property on behalf of a child
- To manage money or property on behalf of a vulnerable adult
- To manage money or property in a way that is financially beneficial in terms of tax benefits
- To preserve assets in the event of a death.
We can help you with setting up or administrating a trust.