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What is the purpose of a Trust?

Trusts may be set up for a number of reasons, for example:

  • to control and protect personal or family wealth and assets when someone is too young or unable to handle their own affairs
  • to pass on money or property while you are still alive
  • to pass on money or assets when you die under the terms of your Will – known as a 'Will Trust'

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Disclaimer: The information provided in these FAQ pages is correct to the best of our knowledge, but may contain errors. We cannot be held liable for any misunderstanding or errors that may arise from the use of this information. We recommend that you seek professional advice before making any decisions based on the information provided here.