You can make a trust in your lifetime or write one in your Will to take effect upon your death. Lifetime trusts can help save inheritance tax, if you make a gift at least seven years before your death. A trust allows you to make gifts of assets or property in a controlled way that:

  • Protects it from unnecessary tax
  • Ensures the beneficiaries use the funds appropriately
  • Means various people can benefit from it at different times