Solicitors in Wakefield and Barnsley, GM Wilson Solicitors

A Trust may be created during a persons' lifetime, on death by a Will or under the Intestacy Rules where a person does not leave a Will. The creation of a Trust is the alternative to giving property to someone outright. A Trust comes into being when assets are transferred by an individual ("the Settlor") to Trustees who hold these assets for the benefit of one or more persons who will receive income and/or capital from the Trust – the Beneficiaries.