Trusts can be a fantastic way to specify how our assets are used and how our wishes are carried out beyond our lifetimes. They can be used to pass down wealth between generations including the family business.
However, there are a number of things to be aware of and considered before setting a trust up and in this episode I am joined by Matt Braithwaite from Wedlake Bell as we discuss Trusts and their uses.
We cover :
What they are
What roles accompany the trust
Who should be your trustees
Their interaction with other legal arrangements you may have made