Ever wondered who is involved in a trust? We are breaking down the roles for you to easily understand.
Settlor
A settlor is a person or company that creates the trust. There can be more than one settlor of a trust.
Trustees
The trustees are the people who manage the trust. The settlor can also be a trustee. It can also be a good idea to appoint an independent trustee who is not a relative. For example, professionals like a lawyer or accountant.
Beneficiaries
The beneficiaries are the people who benefit from the trust. For example, the family members of the settlor.
If you have any further questions regarding trusts, please get in touch.
