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What is a Trusts?

A trust is a way of managing assets (money, investments, land or buildings) for people. There are different types of trusts and they are taxed differently.

Trusts involve:

  • the ‘settlor’ - the person who puts assets into a trust
  • the ‘trustee’ - the person who manages the trust
  • the ‘beneficiary’ - the person who benefits from the trust


Trusts are set up for a number of reasons, including:

  • to control and protect family assets
  • when someone’s too young to handle their affairs
  • when someone cannot handle their affairs because they’re incapacitated

Need to know more about a Trust, speak to one of our team today.

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