What Is a Trust – And Why Might You Need One?
A trust is a legal tool that lets you pass assets to someone else (a trustee) to manage on behalf of a chosen beneficiary. It’s one of the most effective ways to protect wealth, support loved ones, and plan for the future.
Why Consider a Trust?
Trusts aren’t just for the wealthy. They can help you:
💼 Plan your estate efficiently
🛡️ Protect vulnerable beneficiaries
💰 Reduce inheritance tax liabilities
They also offer more control over when and how your assets are passed on — and in many cases, help avoid delays and costs linked to probate.
Common Types of Trusts
Discretionary Trusts – trustees decide who benefits and when.
Bare Trusts – assets go directly to the beneficiary.
Life Interest Trusts – income to one person, capital to another later.
What Do Trustees Do?
Trustees manage the trust responsibly, always acting in the beneficiaries’ best interests. Choosing someone reliable is essential — they must follow legal duties and keep accurate records.
Could a Trust Work for You?
If you’re looking to safeguard your estate or tailor how your legacy is handled, setting up a trust could be the right move.
🏛 How WT Solicitors Can Help
We draft, register, and manage trusts for individuals and families across the UK — always with clarity, compassion, and compliance.
📞 Book a free consultation 01844 899150 with our private client team today.
For more information you can also go to Money Helper
Or visit the Step website
Disclaimer: This article is for general information only and does not constitute legal advice. For personalised guidance, please speak to one of our qualified solicitors.
