Trusts
A trust is a powerful estate planning tool and the most common form of wealth structure. It works by separating the legal ownership of an asset from its beneficial ownership (broadly, the person whose ultimate benefit the asset is held for), giving scope for a high degree of flexibility that allows the trustees to react to changing circumstances. It is this distinction which enables the trust to provide its unique benefits.
When a trust is established, assets are given to a trustee to hold for the benefit of specified persons, who are known as the beneficiaries . The trustee is then legally required to manage and distribute the assets to their benefit. For this reason it is essential you select a trustee who can offer continuity, reliability and the flexibility to adapt to your changing family circumstances.
We have a comprehensive selection of wealth structures. Talk to your Private Banker about the best wealth structure for you and your family.
-
Discretionary Trusts
A Full Discretionary Trust gives the trustee wide powers to decide how the trust fund should be invested and distributed. A Partial Discretionary Trust allows you to retain investment control and to invest in a wider range of assets. Discretionary Trusts are normally irrevocable. -
Reserved Powers Trust
A Reserved Powers Trust (RPT) is a revocable trust that allows you to keep investment control. -
STAR Trust
A special and sophisticated type of trust written under the laws of the Cayman Islands. Typically it is used in particularly bespoke situations or where diverse and complex assets need to be settled. You can restrict the beneficiaries’ rights and a licensed trust company must be appointed as trustee. -
Managed Company
A Managed Company can be incorporated in many different jurisdictions. It is often combined with a trust to provide protection from foreign taxes.
Legal information
The products and services described on this page are provided by the following companies, which are part of Barclays Wealth: Barclays Bank PLC and Barclays Private Bank & Trust Limited, Isle of Man and Jersey. Barclays Wealth Trustees (Jersey) Limited, Barclays Wealth Trustees (Guernsey) Limited, Barclays Wealth Trustees (Isle of Man) Limited, Barclays Wealth Fund Managers (Guernsey) Limited and Barclays Wealth Fund Managers (Isle of Man) Limited. For further information on these companies and Barclays Wealth please read the Important Information. Each Barclays Wealth company reserves the right to make a final determination on whether or not you are eligible for any particular product or service.
