An intro to trusts - Free Consultation
What are trusts for and who uses them?
- 15 min15 minutes
- Virtual Meeting
Passing on wealth via a will or lifetime gift can sometimes be inefficient. A trust can help ensure that your family get the most out of your assets. A trust is a legal entity set up by an individual (known as the settlor) which allows another person to benefit from an asset without being its legal owner. A person is chosen to manage the trust (the trustee) on behalf of the beneficiaries. A trust continues to protect the settlor’s assets after death or in the event that they lose capacity to manage their own affairs.
GM UK Consultants LTD, Crestlands, Alresford, Colchester, UK