I know, I know – who wants to read about trusts!? It’s either too boring or too complicated to get into and nobody really has enough time in the day to delve any further. But, please humour me – trusts are actually quite interesting and could be extremely useful for you and your loved ones. So what is a trust and why should you care?
Generally speaking, trusts are regarded with much suspicion amongst the general public. This is likely caused by the regular negative press that trusts have received over recent years. The perception is that trusts are a tool for tax-evaders or those with significant wealth. This misconception is not assisted by the fact that many people do not understand what trusts can be legitimately used for, how they work or why they should exist at all. But I am here to break it all down for you…[Read more…] about What is a Trust and Why Should I Care?