Which assets can be placed into a trust?

A trust is a legal arrangement where assets, such as money, investments, land, or buildings, are held and managed by a person or group (the trustee) for the benefit of another person or group (the beneficiary).

Any kind of asset or property can be placed into a trust. Common types of assets placed into trusts include:

• Money deposit savings;
• Property and land;
• Shares and investments;
• Valuable possessions such as jewellery, artwork, or antiques;
• Business assets such as shares in a company or business assets in an unincorporated business;
• Intellectual property, including copyrights, trademarks, and patents. 

It is important to consult with a solicitor or legal advisor to determine the best type of trust for your specific needs and the tax implications involved with transferring assets into a trust.

If you would like to find out more about setting up a Trust, please contact Senior Solicitor, Gareth Morgan. Find out more about our Private Wealth Protection services here.