Estate Planning


Trusts are a way of looking after assets for people.

Trusts are a way of looking after assets (money, investments, land or buildings) for people.
A trust is a legal arrangement where one or more 'trustees' are made legally responsible for holding assets. The assets - such as land, money, buildings, shares or even antiques - are placed in trust for the benefit of one or more 'beneficiaries'.

The trustees are responsible for managing the trust and carrying out the wishes of the person who has put the assets into trust (the 'settlor'). The settlor's wishes for the trust are usually written in their will or set out in a legal document called 'the trust deed'

The Purpose of trusts

Trusts may be set up for a number of reasons, for example:

  • To control and protect family assets
  • When someone is too young to handle their affairs
  • When someone can’t handle their affairs because they are incapacitated
  • To pass on money or property while they are still alive
  • To pass on money or assets when you die under the terms of your will – known as a ‘will trust’
  • Under the rules of inheritance that apply when someone dies without leaving a valid will (England & Wales only)



Types of trust

There are different types of trust designed to meet different kinds of needs. The type of trust you use will depend on who the beneficiaries are, what the assets are, and how and when you want the assets to be distributed. The main types of trust are:

Will Writing and estate planning is not regulated by the Financial Conduct Authority.