Who can be a beneficiary of a trust?

A beneficiary of a trust is the person for whom the trust was created and who receives the benefit of the trust. There may be more than one beneficiary such as a family or other defined group of people.

Children can also be beneficiary of a trusts, offering a way to protect assets until they are of an age when they are old enough to handle their own affairs.

Do you still have questions? Get in touch with our tax team to find out more about how they can help you.

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