Best Financial Advisors in Royal Tunbridge Wells

Trust funds and how they work? A trust fund is a way to manage your assets which are of value, these might include cash, investments, land or buildings and could also include art or valuable collections, like jewellery or watches. Setting up a trust. Setting up a trust will involve 3 roles, you have the settlor, this is the person who puts the assets into the trust and this is usually set out in a document called a ‘trust deed’. The trustee is the legal owner of the assets held in the trust and will manage the trust and also be responsible for any tax payments due, the trustee will also manage any investments. Finally, the beneficiary or beneficiaries, this is the person or persons who benefit from the trust. They may benefit from the income from the trust, this might come in the form of rental income from a property owned by the trust, capital only, where there may be shares held until the beneficiary becomes a certain age or a combination of both. For more information on the types of trusts read my blog by clicking below...