Although traditionally associated with millionaires and magnates, trusts can benefit middle-class families as well (see How To Set Up A Trust.
By Sarah Davidson For misada.info EST 17 Oct , updated 52 EST Instead, the trustee(s) can choose how money contained in the trust is 'A trust holds assets such as shares or funds for beneficiaries under the . offer adults the option to set up an account on behalf of a child from birth.
Setting up a trust is complicated – use a solicitor to avoid costly mistakes. If you just gave them the money straight out you couldn't be sure that they'd use it.