A trust is a way of putting aside property, while you are alive, to benefit one or more people, to benefit a charity, or for a purpose you have nominated. A trust can also be set up for your own benefit, such as to provide medical care and living expenses.
Written in plain English, ‘Setting up a Trust’ provides useful legal information about setting up a trust, how trusts work, and their advantages and disadvantages. The booklet covers costs; using lawyers; types of trusts; how a trust works; what can go wrong; and things to think about.
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