Trusts

A separate legal body that owns assets is called a Trust. Trustees manage these assets and invest them for the benefits of the trust beneficiaries. If you wish to set up a trust, the appropriate choice must only be made after due consideration of a number of factors.

Types of trust include:

• discretionary trust
• interest possession trust
• accumulation and maintenance trust
• charitable trust
• personal injury trust
• bare trust
• disabled beneficiary trust
• protective trust (or vulnerable beneficiaries)