A Trust Fund Right for You with Abacus Wills & Trusts

Unlike a Will, which only comes into effect after you die, a trust comes into effect once it has been enacted. Though there are many different types, a trust generally is a legal relationship, represented in a legally binding document, in which you (the settlor) put assets into a trust for a beneficiary/beneficiaries (the person(s) who benefits from the trust) and appoint trustees to manage the trust. These trustees implement your wishes on your behalf after you die.

A trust fund can be used for a number of reasons, for example: to protect family assets or to pass them on whilst you’re still alive (to pass them on after you die is a ‘Will trust’) or when an individual is either too young, or lacks the capacity to handle their own affairs. Due to their nature, they’re often referred to as ‘family trusts’.

We will ensure that any document we create for you is low cost, competitive and we’ll endeavor to best any quote from elsewhere, all whilst always maintaining our professional standards.