20 July 2012 – What is a trust?

A trust is a legal arrangement by which a person (the settlor) transfers the legal ownership of specific assets to another person (or a group of persons) (the trustee or trustees) who is required by the terms of the arrangement to hold those assets (the trust fund) for the benefit of other persons (the beneficiaries).

For further information, please see the attached briefing note:

Trusts and Their Advantages

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