The Truth about Trusts
Recently, trusts have been in the headlines for all the wrong reasons. Let’s get to the truth.
A trust is a legitimate forward-planning tool that enables you to protect assets for your loved ones. They are particularly advantageous for people with disabled and/or vulnerable beneficiaries.
Putting an asset in a trust means that the beneficiary doesn’t have control over the asset, nor are they legally responsible for administering the trust. Perhaps they can’t or shouldn’t have the ability to do so, for a variety of reasons.
But the beneficiary can still benefit financially from the trust, as per the wishes of the person who created it.
With a trust, you can ensure:
🔺 Protection: safeguarding assets for future generations.
🔺 Stability: giving loved ones the support they need.
A professional can advise you on whether setting up a trust suits your circumstances.
