Trust Basics

Understand what trusts are and how they work in estate planning. Our articles explain the key roles, legal requirements and when professional advice helps.

Creation of a Trust

Trusts are created either through written documents like deeds or by implication, each with different legal requirements and purposes.

Do I Need a Solicitor for a Trust?

You might not always need a solicitor to set up a trust, but getting one helps ensure it's legally sound and protects beneficiaries.

How Has the Credit Crunch Affected My Estate?

The credit crunch has slashed property values, which could save you thousands in inheritance tax when you pass your estate to family.

Important Terms Associated with Trusts

Get clear explanations of common trust terms like settlor, beneficiary, trustee, and trust instrument without the legal jargon.

Responsibilities of a Trustee

Trustees must manage trust assets responsibly, act in beneficiaries' interests, and follow fiduciary duties set by law and the trust document.

Trusts Jargon Decoded

Get clear explanations of common trust terms and concepts you need to know before setting up a trust.

What Are Trustees and Beneficiaries?

Trustees manage assets in a trust while beneficiaries receive the benefits, here's what each role actually does.

What Is a Settlor?

A settlor is the person who creates a trust and transfers assets into it, though they lose legal ownership once the transfer is complete.

What Is a Trust?

A trust is a legal arrangement that lets someone manage property for others after death or for other purposes like protecting assets.

Where Can I Get Advice on Trusts?

Talk to a solicitor who specializes in trust law to get personalized advice before setting up a trust.

Why Might a Trust Be Used?

Trusts help with inheritance planning, reducing inheritance tax, and protecting assets for your dependents after you die.