Trusts  

Why trusts are essential to the adviser toolkit

  • Explain how trusts work
  • Identify when they might be useful
  • Describe the different aspects of various trusts
CPD
Approx.30min

By

Richard Cooper is business development manager at the London Institute of Banking & Finance

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CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. A trust is useful for allowing someone to use an asset straightaway, true or false?

  2. How does a will trust work?

  3. Which of the following is NOT a reason to use a trust?

  4. If a client places assets into trust, that they do not benefit from, how long does it take for them to fall out of their estate?

  5. It is impossible to make changes to a trust, true or false?

  6. When does a life interest will trust start?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Explain how trusts work
  • Identify when they might be useful
  • Describe the different aspects of various trusts

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