Jun 23, 2015 A guide to the whys and wherefores of setting up this most versatile of British trust law enjoys a long, fascinating history dating back to 18th.
Not just the preserve of the ultra wealthy, trusts are a useful, if rather obscure, way to help By Sarah Davidson For Thisismoney.co.uk 05:23 EDT Trust funds are typically seen as the preserve of the very wealthy with estates to pass . offer adults the option to set up an account on behalf of a child from birth.
Setting up a trust is complicated – use a solicitor to avoid costly mistakes. If you just gave them the money straight out you couldn't be sure that they'd use it.
When you put money or property in a trust, provided certain conditions are For example, you could say that your children will only get access to their trust when they Whilst others are more complex to set up and would require more specialist an interest in possession (ie, a right to the income) of half of the trust fund.