Trusts

Trusts are a common form of wealth structure. A trust is formed when you give your assets to a trustee to hold for the benefit of chosen beneficiaries (this can include yourself).

A trust has unique benefits because it separates the legal and beneficial ownership of your assets. Benefits could include ease of succession, avoidance of probate and legal requirements on death, together with protection from taxation.

A range of trust structures:

  • A Full Discretionary Trust (FDT) gives the trustee wide powers to choose how the trust fund should be invested and distributed
  • A Partial Discretionary Trust (PDT) allows you to retain investment control. This means you can invest in a wider range of investments than a FDT.

Although Discretionary Trusts are normally irrevocable and only the trustee can bring the trust to an end, it is sometimes possible to offer a revocable trust, though this may offer less protection.

If a managed company is required, the trustee will arrange for a company to be incorporated in the Isle of Man.

How to apply

If you are not currently a Barclays Wealth International client, our minimum qualifying criteria is either:

  • an annual gross income of £24,000 or more (or currency equivalent) deposited into a Barclays Wealth account; or:
  • £5,000 or more (or currency equivalent) across the accounts you hold with us.

If you meet the above criteria please select one of the following options to apply for our products and services:

Call us on +44 (0)1624 684 316†.

If you are an existing client you can apply for our products and services by selecting one of the options below:

Call us on +44 (0)1624 684 316†.

Although your portfolio is carefully managed and well diversified, the value of your investment and the level of income you may receive can go down as well as up. Your returns may also be affected by exchange rate fluctuations if your investment is converted into another currency at a later date.

Find out more about Wealth Structuring with Barclays:

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The products and services described on this page are provided by the following company which is part of Barclays Wealth, Barclays Private Bank and Trust (Isle of Man) Limited is licensed by the Isle of Man Financial Supervision Commission for Banking, Investment and Corporate and Trust Service Provider business. For further Information on these companies and Barclays Wealth, please read Important Information.