Types of Trust

Different trust structures serve various estate planning and asset protection needs. We explain bare, discretionary, interest in possession and other trust arrangements.

Accumulation and Maintenance and Mixed Trusts

Accumulation and maintenance trusts were common before 2006 but lost tax benefits; here's when they might still make sense for your family.

Implied and Express Trusts

Trusts can be created through express instructions in a will or other written documents, or implied through someone's actions and conduct.

Incentive Trusts: Encouraging Responsibility

How incentive trusts can tie financial support to responsibility and encourage positive behavior in your children.

Other Types of Trust

English law offers various trust types beyond the common ones, including fixed and discretionary trusts suited to different situations.

Revocable and Irrevocable Trusts

Understand the key differences between revocable and irrevocable trusts and how they affect your legal and tax situation.

What Is a Bare Trust?

A bare trust is a simple way to transfer assets to beneficiaries with no trustee discretion involved.

When Is a Trust Constructive?

Constructive trusts arise automatically in certain situations without a settlor's explicit intention, often when couples buy property or illegal actions occur.

When Is a Trust Public or Private?

The difference between public and private trusts explained, including how charitable aims and public benefit requirements set them apart.

When Would I Use a Discretionary Trust?

Discretionary trusts give trustees flexibility to manage how beneficiaries receive income and assets, while helping reduce inheritance tax bills.

When Would I Use an Interest in Possession Trust?

Interest in possession trusts can provide ongoing income for your family while preserving capital, but 2006 tax changes mean other options may work better.