Trusts
A trust is a legal arrangement where assets are managed by one or more people (the trustee/s) on behalf of another (the beneficiary).
Trusts can be set up for a number of reasons. They can be used to protect your assets for your beneficiaries, or when someone becomes unable to handle their financial affairs. As such, trusts can be set up at any time and serve many purposes.
or call: 0800 915 0000
Rather than gifting money directly, you could choose to pass money to others by holding it in trust. Under this arrangement, the beneficiary (or beneficiaries, if there are more than one) will be specifically named, and the trustees (the people who administer the trust) will decide when to make payments to them.
Setting up a trust fund
There’s a range of trusts available, with different features and benefits. Some are subject to their own IHT rules, while others pay income and capital gains tax at higher rates. The main advantage with a trust is that you can have a say on who should benefit from the trust, as well as what your family chooses to spend the money on.
Like all tax rules, the rules around trusts and gifting can be complex, subject to individual circumstances and can changes at any time. That’s why you should always consult with a professional rather than making decisions on your own.
Articles related to
Trusts & Estate Planning
12 September 2024
Could you be giving back? The benefits of donating to charity through your business
Why donating to charity through your company is a fantastic way to support…
29 July 2024
How do I protect my children’s inheritance from nursing home costs?
We explore whether you can fund the cost of care, whilst at the same time…
26 July 2024
Gifting money to grandchildren
With high house prices, university fees, and a cost-of-living crisis, it's no…
22 July 2024
How to raise the subject of inheritance with your parents
Bringing up the subject of inheritance with your parents can be difficult. Get…
16 June 2024
How Inheritance Tax works for single individuals and childless couples
Inheritance tax is often associated with married couples and families, but what…
13 June 2024
Inheritance tax payments reach unprecedented heights
Inheritance tax (IHT) payments reached unprecedented levels earlier this year,…
12 February 2024
Keeping your estate inheritance in the bloodline
The moment your Will is finalised, subsequent changes to your circumstances can…
5 February 2024
End of year tax savings tips for high earners
As the end of the current tax year looms, it's an important time for high…
23 January 2024
How much money can I inherit without paying tax?
Depending on the value of the estate, you may need inheritance tax. Find out…
23 January 2024
How much money can I leave without an Inheritance Tax bill?
Without careful planning, leaving your family with an inheritance may come with…
4 January 2024
How to plan a successful exit from your family-owned business
Conor McCann from Amber River NI explains some of the key considerations family…
8 December 2023
Can I give my house to my children to avoid inheritance tax?
Gifting property to children or family members during your lifetime is…
27 November 2023
How does the Residence Nil-Rate Band affect trusts?
How you can ensure the Residence Nil-Rate Band is either fully utilised or…
23 October 2023
Who’s the best person to advise on Inheritance Tax?
If navigating Inheritance Tax feels like a bewildering maze, you're not alone.…
15 June 2023
5 reasons why you need an Estate Plan
If you don't have an estate plan, the aftermath of your passing could come with…
5 May 2023
What should I do with an inheritance received in my 60s?
Receiving an inheritance in your 60s could affect the value of your estate, and…
5 March 2023
What’s the difference between a will and a trust?
Wills and trusts are both important components of estate planning. It’s easy to…
23 February 2023
Six things to do before the end of the financial tax year
With a few weeks left before the end of the tax year, here are a few…
20 January 2023
I’ve inherited a lump sum, what should I do with it?
Inheriting a lump sum can feel quite overwhelming. While we can’t tell you how…
7 September 2022
The benefits of placing your life insurance in a trust
Placing your life insurance policy in trust could help your family avoid a big…
3 September 2022
Financial planning for new parents: Protecting your family
As a new parent, protecting your family is priority and that includes ensuring…
9 August 2022
Savings and investments for children
Putting money away for children is a great way to teach them about money, as…
19 July 2022
Financial planning for new parents: Investing for your child’s future
If you want to invest in your child's future to give them the best start, we…
9 June 2022
Gifting in your lifetime to reduce inheritance tax
As well as being there to see your family's enjoyment, gifting is also a great…
31 May 2022
9 ways to reduce the inheritance tax bill for your family
There are many ways to reduce inheritance tax for your family. A good financial…
27 May 2022
Setting up trusts and gifting in your lifetime
Make sure more of your wealth is on passed to your loved ones; setting up…
26 May 2022
5 steps to prepare financially before your death
No one wants to think about their death, but preparing financially could spare…
23 April 2022
The four key stages of financial business planning
Kerry McCaughan looks at four critical stages of family financial business…
11 December 2021
11 ways to reduce your tax bill in retirement
While you should never base investment decisions solely on tax efficiency,…
8 December 2021
Tax-efficient ways to leave a legacy
Inheritance tax can cause chaos for families during what is already a difficult…
5 December 2021
Trust fund baby… the pros and cons of setting up a trust for your kids
While a trust fund baby often suggests someone with a privileged background…
26 November 2021
What to do with an unexpected windfall
Whatever the reason for the windfall, we believe it’s essential to explore your…
22 November 2021
How to make the most of your pension
Retirement is a time to focus more on leisurely pursuits - so how can you make…
16 November 2021
How to manage your investment risk
Find out how to manage your investment risk by investing in different kinds of…
8 November 2021
A pension’s a good start – but what else makes a sound retirement plan?
Retirement means different things to different people, but we all still want it…
1 November 2021
Estate Planning mistakes to avoid
Planning your estate to leave more than just memories to your loved ones is a…
What our clients say
BR Wombourne
We’ve been using Mark and his team for many years and are so impressed with their caring professional service. We fully entrust our risk management and retirement planning with them. It is a comfort to know that our investments are in good hands.
We’ve been using Mark and his team for many years and are so impressed with their caring professional service. We fully entrust our risk management and retirement planning with them. It is a comfort to know that our investments are in good hands. BR Wombourne
IL Kidderminster
Mark and his financial planning team have been advising me for many years. I’m delighted with the service they provide and I can highly recommend them.
Mark and his financial planning team have been advising me for many years. I’m delighted with the service they provide and I can highly recommend them. IL Kidderminster
CC Evesham
Mark has been our Financial adviser for 16 years, and during this time, Mark and his team have acted in a thoroughly professional yet friendly manner. We trust him implicitly and have seen our investments prosper. We would recommend Unity, wholeheartedly, to anyone needing financial assistance and advice.
Mark has been our Financial adviser for 16 years, and during this time, Mark and his team have acted in a thoroughly professional yet friendly manner. We trust him implicitly and have seen our investments prosper. We would recommend Unity, wholeheartedly, to anyone needing financial assistance and advice.CC Evesham
RB Redditch
I needed some help with retirement planning and found Mark and his team to be reliable and friendly to deal with. I received sound and practical advice which has given me peace of mind with my retirement saving.
I needed some help with retirement planning and found Mark and his team to be reliable and friendly to deal with. I received sound and practical advice which has given me peace of mind with my retirement saving.RB Redditch
Need Trusts advice?
Speak to a Trusts & Estate Planning expert. Call us on:
Request a callback from one of our expert advisers
Find an adviser
Where and how we meet depends on whatever’s most convenient for you, but we have a number of locations around the UK if you’d prefer to come to us.
Other services we offer
We provide a complete range of financial services with specialists in every category so that we can match you with the most suited adviser for your needs
Money
Savings and investment planning that helps you set and achieve life goals
Read More
Peace of mind
Protection for you and those who rely on you
Read More
Pensions
Financial freedom is the goal, but what's the best way of achieving it?
Read More
Retirement
When work stops, life continues. With careful planning, we can make sure you enjoy a fulfilling retirement.
Read More
Legacy
Opening up a world of opportunity for your kids and theirs
Read More
Small, but important print
Registration Number 03776035
Registered in England and Wales
Amber River Group Limited is not authorised to give financial advice. The financial planning businesses who are part of the Amber River Group are separately authorised businesses and therefore able to give advice.
You’ll find details of the regulated status of our firms, including FCA numbers and links to the Financial Services Register on each of the location pages in the ‘Find an adviser’ section.
The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.
The information contained within this site is subject to the UK regulatory regime and therefore targeted primarily at UK-based consumers.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Find full details of the FOS at www.financial-ombudsman.org.uk
Please read our Privacy Statement before completing any enquiry form or emailing us.