Trusts are popular in financial planning, particularly when planning to reduce Inheritance Tax, save money for children’s futures or provide security for other dependents.
The cost and complexity of a Trust varies widely and depends heavily on how the money within it is invested. Trustees have a legal obligation to invest the trust funds wisely. When doing so there are three key areas they need to consider:
The terms and conditions of the Trust
Legal obligations of Trustees
The essential principles of responsible investing
At Falco, we can provide advice in relation to Trust planning and also investment advice relating to any monies placed in Trust.