Many people, often without realising it, will come into contact with a trust of some sort during their lifetime. Yet trusts are widely misunderstood and often seen as the preserve of the wealthy.
This brochure aims to give a quick overview of how trusts work, what they are most commonly used for and to correct some of the misconceptions held.
Trusts are becoming a more widespread tool in the search to protect and preserve family assets.
The exact technical details of a trust, how they are set up and taxed vary from client to client, so this guide focuses only on some of the broader principles.