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Trust FAQs

Answers to the Most Common Questions About Trusts

What is a trust?

A trust is an agreement between two parties: the person who creates the trust and the person, institution or organization responsible for the administration of the trust (also known as the trustee). As a trustee, we manage whatever assets are placed in the trust according to your wishes to benefit a third party, your beneficiary.

 

Who benefits from trusts?

Trusts aren’t solely for those who are affluent. They are a great solution to control what happens with your assets, possibly reduce taxes and protect against other variables regardless of the size of your wealth.