placeholder

A Simple Guide to Trusts

Make informed decisions for peace of mind

In this guide:

  • What is a trust? - Discover how they work, key terms and uses.
  • Why have a trust fund? – Find out some of the motivations of choosing to create a trust over other financial solutions.
  • Different types of trust funds – We will explain a little bit about each type of trust and some of the reasons 

A Guide to Trustees' Duties

Please note that the Financial Conduct Authority (FCA) does not regulate cash flow planning, estate planning, tax or trust advice.

Download your free guide now

Provide your details below to receive your free guide. 

Name
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

By submitting this form, I agree the terms set out in TPO’s Privacy Policy and consent to TPO processing and holding my data for marketing purposes. You can opt out of marketing at any point by contacting marketing@theprivateoffice.com.

From this guide:

Key terms

Settlor

he person who establishes the trust by a transfer of assets. This can be done during lifetime through a deed, or on death via the will.

Trustee

A person entrusted to hold the assets for the beneficiaries. For practical reasons, there is usually more than one.

Beneficiary

The person entitled to benefit from the trust. There may be more than one beneficiary.

Key point: A key point to be aware of is that for a trust to be effective for many of the tax advantages, it is important to give up any right to the assets transferred.

Download the full guide to read more.

Questions about trusts?

Book a free consultation

Our clients speak for us

Meet our expert team

Copy of Copy of Copy of Copy of Template - People block - list (6.06)

Kirsty Stone

Kirsty Stone

Senior Financial Adviser - Chartered Financial Planner, APFS

Rated 4.6 out of 5

Top Rated Adviser 2022

Kirsty is a Chartered Financial Planner and expert in cash flow forecasting and advises in all aspects of financial and strategic planning

Photo of Julian Frere

Julian Frere

Partner - Chartered Financial Planner, APFS

4.8 out of 5

Top Rated Adviser 2022

Julian advises on pension reviews, retirement planning, investment management, tax efficient structuring, life insurance and succession planning.

Susan Tait - Chartered Financial Planner at The Private Office

Susan Tait

Partner - Chartered Financial Planner, APFS

4.8 out of 5

Top Rated Adviser 2022

Susan has a broad range of experiences dealing with high net worth clients who pose complex financial circumstances.