What Are Trusts And Trustees

What is a trust?

A trust is a legal arrangement that allows assets such as money or property to be kept safe for the beneficiaries named in your Will. Trusts are most commonly used to hold assets for children until they reach a certain age.

What is a trustee?

A trustee is simply a person you appoint to be the legal administrator of assets held in a trust. Their job is to manage that trust, and, in some cases, make decisions about how the property within it is to be used.

The more specific details of a trustee's responsibilities depend on the type of trust and the terms of your Will.

See also Protective Property Trusts, Discretionary Trusts

For more information simply email admin@willsandtrusts.biz or call the number below to speak to a member of our team today.

01989 566032

Other links in this section;

Why You Should Write a Will | The Laws of Intestacy (or what happens if you die without a will) | Inheritance Tax | Signing a Will | Executors and Guardians | Trusts and Trustees | Single and Double Wills