Why use a Trust?

A Trust is a legal arrangement that allows you to put assets (money or property for example) into the hands of a third party, to hold for the benefit of others at your discretion.

A Trust allows you to pass on your assets at the right time, safe from life’s complications. You could provide for a grandchild’s education, or pass on personal property. Whatever it is, Trusts ensure you can give to someone whilst retaining control of the assets given away. They are especially useful when you are looking leave a gift to a child under 18.

Who manages the Trust?

The Trust Deed, or Will if taking effect after your death, is managed by Trustees that you appoint. The Deed or Will sets out how you want the Trust Fund to be used, and it is up to the Trustees to follow your instructions.

How flexible are Trusts?

Different types of Trusts give flexibility to how your beneficiaries can benefit. For example, a Trust may hold money for a grandchild until they turn 18, or release money regularly over a period of several years. The most common types of trust are:

A Bare Trust

The Beneficiary is absolutely entitled to the Trust Fund.

A Life Interest or Interest in Possession Trust

The primary Beneficiary is only entitled to occupy a property or to receive an income from the Trust Fund during their lifetime

A Discretionary Trust

The Trustees decide from time to time who will benefit from the income and capital of the Trust Fund.

What does Astle Paterson offer?

For assistance in making or reviewing your Will, including a free 30-minute Will Review Consultation, you can choose one of the following options to contact us:

Trusts 1

We are proud to support Dementia Friends, a social action movement which aims to transform the way the nation thinks, acts and talks about dementia.

Read more about: Administration of Estates, Inheritance Tax Planning, Lasting Powers of Attorney, Making a Will, Trusts

More Services

Back to Private Client and Wills & Probate

Enquire about Trusts

If you're interested in our services, contact our specialist solicitors directly, or call us on 01283 531366.

Enquire Online

A service you can trust

99% of our customers would recommend us to family & friends

Maria, I would like to thank you and Val for your very kind attention to us, you have remained throughout professional, efficient yet friendly and very approachable. As you understand it is daunting, upsetting but something that has to be done and you have been very helpful. Thank you again, very best wishes to you both.

Very good

Mr Levy was informative throughout.

Keep up the good work and good friendly advice.

Excellent quality of service again, thank you.

Jean Paterson and Sarah Nash were excellent – more than satisfied and beyond.

A pleasure dealing with the firm, all staff have been extremely helpful, pleasant at all times.  Many thanks to all!

Made process simple and easy. Thank you.

I have always found all staff very helpful

Maria Pusey is an asset to the company as she is professional, extremely knowledgeable and thorough.

Meet the team  |  Our Private Client and Wills & Probate specialists

More services for

Connect with Astle Paterson


Book an Appointment
Book an appointment
Burton on Trent Uttoxeter
Astle Paterson Accreditations

Business & Commercial   •   Conveyancing   •   Family   •   Litigation   •   Wills, Inheritance Tax & Probate   •   Employment