A trust is useful if you have assets or money that you need to have managed but either don’t have the time or the knowledge to do it all yourself. Besides having the trust company take care of your assets for you, there are also a number of related benefits to having your assets placed in a trust:

• You can save on taxes (up to £100,000) after your beneficiaries receive their respective payouts.
• Even after giving some of your assets to your beneficiaries you still retain control over them.
• Any legal issues regarding the distribution of your assets after your death are avoided.
• The handling of your financial matters is conveniently taken care of for you.
• You can legally save on significant taxes usually applied to your earnings and financial gains.
• You provide a secure way for your children or grandchildren to benefit from wealth generated by your assets.
• Cash will be allocated to cover the cost of Inheritance Tax (IHT).
• Privacy and confidentiality, unlike wills which are considered public information.