Some people decide to set up a trust during their lifetime, and pay money into it on a regular basis. They can appoint themselves as a trustee and will have control over the money held in the trust. The law considers money held in a trust as separate to that of your estate, so the value of your estate is lowered, which means that less inheritance tax is payable.

When setting up a trust there are three main people who will be involved: a settlor, a trustee and a beneficiary. The settlor puts money, property and other assets into a trust, under which they are managed by the trustee, until they are handed down to the beneficiary, after the settlor has passed away.

When writing a Will, a testator will need to include details of the trust and exactly what is to be paid into it.

Please call us on 0207 183 0084 or email us on  if you need advise  and to ask us about any reservations or queries that you may have; we are always happy to assist.