A trust is a legal way to hold assets (money, property and possessions) for the benefit of others without giving them immediate control over it.
It is an agreement between three parties; the ‘trustmaker’ (technically known as the ‘settlor’), the trustee and the beneficiaries. The settlor transfers ownership of certain assets into the trust, and the trustee(s) manage the assets on behalf of the beneficiaries.
A trust allows you to control bequests to your beneficiaries in terms of who receives what, and when, and is an extremely effective tool for managing inheritance tax.
The laws around trusts are complex, so it is vital that you choose the right type of trust structure and have it set up correctly. With changing legislation it’s also important to review any existing trusts and ensure that they are still looking after your families’ future effectively. Just as you planned it.
Aspect8 has been dealing with Trusts and Estate Planning since 1993. Our breadth of experience means we are well positioned to help you decide what’s right for you and your family. We can guide you through your options and will regularly review your plans to ensure that your family, friends and causes close to your heart benefit the way you’d like them to.
Aspect8 is a multi-award winning Chartered Financial Planning firm, the gold standard in financial advice.
We’ve been helping people like you to achieve their goals since 1993. Our style is honest and plain-spoken; because that way we all know where we stand. And we focus on results; because that is how we expect to be judged. To help you make the right financial choices at every stage of your life we’ve built a team of expert advisers with specialist knowledge and complementary expertise, to guide you wherever you are on your journey.
The guidance and/or advice contained within this website are subject to the UK regulatory regime, and are therefore targeted at consumers based in the UK. Aspect8 Ltd is a chartered member of Best Practice IFA Group Ltd which is authorised and regulated by the Financial Conduct Authority.