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A trust is the formal transfer of assets (it might be property, shares or just cash) to a small group of people known as trustees (usually two or three) or to a trust company with instructions that they hold the assets for the benefit of others.

If the trust is to be made in your lifetime, to take immediate effect, then it requires a trust deed and is often referred to as a 'settlement'. If it is to be created on or shortly after your death then the trust rules must be set out in your Will a 'Will Trust'. Both lifetime and will trusts can be extremely effective and flexible methods of providing for your family.

We have prepared a guide to Life Assurance Trusts

Read more about the other services provided by the Private Client team

Head of Private Client

David Wood

Partner, Private Client

01522 508862 / 07939 209057



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