A trust is a legal arrangement where you transfer ownership of assets to a structure that holds and manages them on behalf of someone else — your children, a family member, or a cause you care about.
Unlike a will, a trust can take effect while you're still alive. It can also continue working long after you're gone, which makes it a powerful tool for situations that need more than a simple handover.
People use trusts for all kinds of reasons: to provide for a child until they're old enough to manage money themselves, to support a family member with special needs without affecting their benefits, or simply to keep certain assets out of a lengthy legal process after death.
Trusts aren't just for the ultra-wealthy — they're a practical option for anyone with specific wishes about how their assets should be managed over time. Whether you need one depends on your circumstances, but it's always worth understanding what's possible.
