What you need to consider are:

The tax implications of establishing a trust and the various ongoing tax liabilities arising therefrom.

The costs and workload involved in establishing and operating a trust.

Identify which assets are to be placed in trust.

Determine who shall serve as the trustee(s).

Determine who shall be the beneficiary/beneficiaries and specify how and when they will receive their benefits.

For the matters outlined above, you can seek professional advice from an experienced solicitor.

We are pleased to assist you with any queries you may have.

Should you wish to learn more about trusts, please do not hesitate to contact us.