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Held for the benefit of a specified beneficiary Bare Trusts are also known as ‘Absolute’ or ‘Fixed Interest Trusts’, and there can be subtle differences.

Wide class of potential beneficiaries With a Discretionary Trust, the settlor makes a gift into Trust, and the trustees hold the Trust fund for a

Discretion over which of the default and potential beneficiaries actually benefit FlexibleTrusts are similar to a fully Discretionary Trust, except that alongside a wide class

Family protection policies These Trusts are often used for family protection policies with critical illness or terminal illness benefits in addition to life cover. Split

Taking control of decisions even in the event you can’t make them yourself A Lasting Power of Attorney (LPA) enables individuals to take control of