A Family Trust is a discretionary trust, also known as a relevant property trust. It is typically created by individuals for the purposes of holding assets for future generations. It is suitable for most types of assets, including property, cash and shares. It enables an individual, or a couple to start the process of succession planning whilst retaining ongoing control of the assets within the Trust.

Trusts are not, however, a magic solution. They come with their own challenges and features, and may not prove to be suitable to all circumstances. A trust is a complex legal construct, and a client should always seek to get expert advice before looking to set one up.