Good to know: This guide is general information, primarily about England and Wales. Legal rules differ in Scotland and Northern Ireland. Moneykind helps people make enquiries and connect with relevant professionals; it does not provide legal advice.
What is a trust?
A trust is a legal arrangement where trustees hold or manage assets for beneficiaries according to the trust terms.
Why people consider trusts
Reasons can include providing for children, supporting a vulnerable beneficiary, controlling the timing of gifts and planning how assets are managed.
Important limitations
Trusts can create tax, administration and reporting obligations. They are not a guaranteed way to avoid inheritance tax, care fees or other liabilities.
Choosing trustees
Trustees may have ongoing legal duties, record-keeping responsibilities and decisions to make. Professional advice helps align the arrangement with the intended purpose.
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Start an enquiry →Common questions
Does putting my home in trust avoid care fees?
Not necessarily. Deliberate deprivation rules and other legal issues can apply. Be wary of blanket promises.
Can a trust be changed later?
It depends on the trust type and terms. Some arrangements are difficult or impossible to reverse.
Reviewed for general clarity: October 2026. This is not personalised legal or tax advice. Check current rules with an appropriately qualified professional.