Understanding trusts
Trusts holding and protecting what matters
People, place, purpose. An independent community network, not operated by CABI Central.
Trusts have been used for centuries as a lawful way of holding, protecting and managing assets for the benefit of individuals, families, businesses and organisations. They are a flexible legal arrangement that can support long term planning, succession, stewardship and responsible governance.
Every trust is different. The way a trust is established and administered depends on its purpose, the people involved and the legal framework under which it operates.
Trusts can be used for
Families
Family trusts may help protect assets, provide for future generations and support long term succession planning. They are often considered when families wish to preserve wealth, property or other assets for children and future beneficiaries.
Businesses
Businesses may use trust structures as part of wider governance, succession or ownership planning. Depending on the circumstances, trusts can help with continuity, stewardship and the long term management of business interests.
Community organisations
Community groups, charities and membership organisations may use trust arrangements to hold assets, protect community resources and ensure that property or funds continue to be used for their intended purposes.
Individuals
Individuals sometimes establish trusts as part of personal estate planning, to manage assets for loved ones or to create clear arrangements for the future.
Why consider a trust?
Depending on individual circumstances, trusts may help with:
- Protecting family or community assets
- Long term succession planning
- Responsible stewardship
- Business continuity
- Supporting future generations
- Holding property or investments
- Clear governance arrangements
- Preserving community resources
- Creating structured management of assets
Every person's circumstances are different, and professional advice should always be obtained before establishing or relying upon any trust arrangement.
Downloadable guide
Why create a private express trust?
A short educational guide covering the two kinds of person in English law, what a private express trust records, the seven practical benefits and, just as importantly, what a trust is not.
Important information
There is no single type of trust. Different trust structures serve different purposes and may have different legal, financial and tax implications.
The information provided throughout CABI is intended as general educational information only and should not be regarded as legal, financial or tax advice.
Next event
Transformative journey of trust creation and understanding
A module and workshop open to all. Sunday 2nd August, 4pm to 6pm, Crowshute Centre, TA20 2DN. Plenty of parking at Crowshute free car park.
Find out more
If you would like to learn more about trusts, asset stewardship or the different trust structures that may be available, please speak with your local CABI facilitator. They can provide further information, educational resources and, where appropriate, direct you to suitably qualified professionals for independent advice.
Questions? Contact your local facilitator to continue the conversation.
Contact your local facilitator