Trusts are legal arrangements where assets are placed into the care of an individual or organisation that manages them for the benefit of someone else.
For the person setting up the trust, this arrangement means they know their assets will be properly looked after until they come under the legal control of the beneficiaries.
Crucially, there are also tax advantages to setting aside assets in a trust, especially in the context of estate planning.
To find out more, read our Introduction to Trusts:
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