Trusts
To many, trusts are something of a mystery. We hope the information we provide on these pages explain the basic features of trusts and some of the words used in their connection.
What is a Trust?
"A trust" is a relationship that is recognised and enforceable in the courts. A trust may arise by a declaration of trust, a will or settlement, and put simply, a Trust is a way in which a person can give any kind of property to benefit others without them having control over what happens to that property. The terms of the Trust (which is usually set up by a trust deed during lifetime or by Will on death) will dictate who can benefit from the property transferred to it and in what circumstances – for example, children when they reach a specified age.
Please use the links below to access further information about trusts:
- Trusts… A Quick Guide
- Guidance for Trustees
- Personal Injury Trusts - Guidance for Beneficiaries and Trustees
- Compensation Protection Trust - Instructions to be completed by the compensated person (or on their behalf)
The documents are Adobe Acrobat files, if you do not have the Free software installed on your computer, please follow this link to download the latest version.
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