A trust is a legal entity set up by an individual - known as the settlor - to allow beneficiaries to benefit from funds without being the funds’ legal owner. A trustee is chosen to manage the trust on behalf of the beneficiaries. A trust allows funds to continue to be protected should a settlor become unable to manage their own affairs and even beyond a settlor’s death.

If you are considering creating a family trust, it can feel like a daunting task. The options available can seem overwhelming in terms of understanding what benefits a family trust provides, what you should - and shouldn’t - put in the trust, deciding who should be your beneficiaries, and choosing your trustees.