This Trust enables you to provide for loved ones after you’ve passed away. You nominate two trustees to manage the trust fund and leave specific instructions as to how and when the money is to be used for each beneficiary.
You can request for the money to be spread out over a period of time, or paid at a particular time, for example, an eighteenth birthday.
Suitable for many people, including
- People who have a beneficiary who is a minor
- People who want ensure a disabled relative is adequately provided for
- People wishing to mitigate a potential Inheritance Tax (IHT) liability