Setting up a trust can feel like you're navigating a maze of legal terms. That's where we come in. At Switalskis, we guide you through each step of creating a trust, making it as straightforward as possible so you can focus on what really matters - your future and the wellbeing of your loved ones.

We're committed to simplifying the complex parts of trust formation. Our team knows trusts inside and out, and we're here to lead you through it all.

We're not just experts; we're people who understand that organising a trust is a significant life event. We translate all the legal speak into plain English and keep you informed at each turn. Our aim is to make sure that everything flows smoothly.

Your peace of mind matters to us, so we tailor our advice to fit your specific situation. We care about you, and we're dedicated to helping you achieve the best outcome possible.

A trust is a legal set-up where you pass on your assets like money, property or shares to a group of people called trustees. These trustees then look after these assets for the people who'll eventually get them, known as the beneficiaries. Trustees can be close family, friends or even professionals like solicitors who are skilled in handling trusts.

A trust gives you control over what happens to your assets after you're gone or unable to manage them yourself. For example, you might want your children to inherit your house but only after they turn a certain age. A trust lets you set those sorts of conditions. When a beneficiary turns 18, or any other age you specify, the assets in the trust can be transferred to them.

Trusts can be set up in two main ways: through a will trust or a settlement. A will trust is made as part of your will and comes into play when you pass away. A settlement is a separate legal agreement and can be created while you're still alive. Both ways have their own benefits, depending on what you want to achieve.

You'll also need to choose trustees when setting up a trust. These are people who make sure your wishes, as stated in your trust, are carried out. Sometimes the executors and trustees can be the same people. These are usually people you trust a lot or professionals you believe will do a good job.

A trust is a smart way to manage your assets, making sure they go to the right people under the right conditions. Whether you're planning for your family's future or protecting your assets, trusts offer flexibility and peace of mind. Our team at Switalskis can help you decide what type of trust suits your needs best.

When you want a trust to start working while you're still alive, it's often called a settlement. To make this happen, you need a special document known as a trust deed. This is where you write down all the rules for the trust, like a guidebook that explains who does what and when.

What's in the trust deed? First off, it names the trustees. These are the people you pick to look after the assets you're putting into the trust. It's their job to manage everything according to your rules. Next, the deed identifies the beneficiaries. These are the people who will eventually benefit from what's in the trust, whether it's money, property or anything else.

The trust deed also lays out any rules or conditions that have to be followed. For example, you might state that a beneficiary has to reach a certain age before they can receive their share. Or, you might have rules for the trustees about how they should invest the money in the trust.

Another key part is detailing how and when the trust will end. Maybe it closes when a beneficiary hits a certain age or milestone, or perhaps you set a specific date in the future. This part helps everyone know the time frame they're working within.