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A Trust does not have any legal personality as it simply consists of an agreement in the form of Trust Deed between the Settlor and the persons appointed to serve as Trustees for the ultimate benefit of the Beneficiaries

The Settlor(s) are the person(s) placing the assets into the Trust Settlement.

A Trust does not have any legal personality as it simply consists of an agreement in the form of Trust Deed between the Settlor and the persons appointed to serve as Trustees for the ultimate benefit of the Beneficiaries

A Trust does not have any legal personality as it simply consists of an agreement in the form of Trust Deed between the Settlor and the persons appointed to serve as Trustees for the ultimate benefit of the Beneficiaries.

A Trust does not have any legal personality as it simply consists of an agreement in the form of Trust Deed between the Settlor and the persons appointed to serve as Trustees for the ultimate benefit of the Beneficiaries.

A Trust does not have any legal personality as it simply consists of an agreement in the form of Trust Deed between the Settlor and the persons appointed to serve as Trustees for the ultimate benefit of the Beneficiaries.

Assets transferred into Trust no longer form part of the estate of the Settlor so that:
1. The Settlor would not generally be taxable on the income and/or capital gains generated by those assets.
2. On death probate and, generally, Inheritance Tax would be avoided. The Trust provides a speedy, confidential, flexible and orderly mechanism for the distribution of the trust assets.
3. The Trust assets are substantially protected against claims from creditors of the Settlor so long as the Trust was settled properly and in a timely manner and did not in itself result in the bankruptcy or financial difficulty of the Settlor.
4. A Settlor may feel uncomfortable with the perceived divestment of assets into a Trust and so it is important that he learns to come to terms with the differences between legal and beneficial ownership. The Trustees have the legal ownership but under very strict rules which make clear that the beneficial ownership and use remain with the Beneficiaries, whilst during his lifetime the Settlor retains a significant degree of influence and enjoyment.