Setting up a Trust

A Trust is a way of managing assets (money, investments, land or buildings) for people. There are different types of Trusts and they are taxed differently.

Trusts are an excellent way of protecting Business Assets for beneficiaries, including family members. This is also an ideal way of utilising Business Property Relief and reducing Inheritance Tax.

Take a look at our Trust Services:

If you want to discuss this with us, please contact us on 0800 689 0923 or email


What does a Trust involve?

The ‘Settlor’The 'Trustee'The 'Beneficiary'

The Settlor decides how the assets in a Trust should be used – this is usually set out in a document called the ‘Trust deed’.

Sometimes the Settlor can also benefit from the assets in a Trust – this is called a ‘settlor-interested’ Trust and has special tax rules.

The Trustee deals with the assets according to the settlor’s wishes, as set out in the trust deed or their will. They also manage the trust on a day-to-day basis and pay any tax due. 

A Trustee will also decide how to invest or use the Trust’s assets, if needed.

If the Trustees change, the Trust can still continue, but there always has to be at least one Trustee.

There might be more than one Beneficiary, like a whole family or defined group of people.

They may benefit from;

The income of a Trust only – for example from renting out a house held in a Trust.

The capital only – for example getting shares held in a Trust when they reach a certain age or both the income and capital of the Trust.


What is a Trust used for?

Trusts are set up for a number of reasons, including:

  • to control and protect family assets
  • when someone’s too young to handle their affairs
  • when someone cannot handle their affairs because they’re incapacitated
  • to pass on assets while you’re still alive
  • to pass on assets when you die (a ‘Will Trust’)
  • if a Beneficiary has an addiction problem or cannot be trusted to use the inheritance wisely, the Trustees can manage this for the intending Beneficiary whilst protecting their inheritance


We have lots of experience in drafting Trusts for many different situations.

If you want to discuss this with us, please contact us on 0800 689 0923 or email


  • Why Choose Us?

We are qualified to give you the best advice and service, we also offer a free no-obligation discussion – at at time and place to suit you.

We focus on you, the individual, by listening and establishing what it is you would like to achieve and then providing you with the right solution.

We have ELITE PROstatus on Bark and have been recognised for our good services.