AT A GLANCE
What is a trust?
A trust is a legal arrangement in which trustees hold and manage assets for beneficiaries under agreed terms. It can help organise when and how people receive support, but creates legal, administration and potentially tax obligations.
A trust is a legal arrangement in which trustees hold and manage assets for beneficiaries. It can be useful where timing, vulnerability or family circumstances need thought. The right conversation starts with what you want to achieve, then considers whether a trust, or a simpler arrangement, fits that purpose.
What this can help you explore
- Consider how and when beneficiaries receive support.
- Plan for children or people who need help managing money.
- Understand the responsibilities involved in choosing trustees.
Things to consider
Trusts can involve registration, administration and tax charges, depending on their type and circumstances.
A trust does not automatically remove assets from tax, care assessments or legal claims.
Your questions, answered.
The purpose matters as much as the value. Suitability depends on who needs support, the assets involved and whether the ongoing obligations are proportionate.
That depends on its terms and legal structure. Some decisions are difficult or impossible to reverse, so those limits need explaining before anything is signed.
Who provides this service?
Estate-planning services are outside FCA regulation. The legal provider, supported jurisdiction and terms must be confirmed before work begins.
Regulatory information