What can I put in a trust?

Answer

You could put money, investments, property, jewellery, collectable items, furniture, artwork, land, buildings or shares into a trust. You may not put things like normal cars that depreciate in value into a trust.

The reality is, you can put almost anything into a trust depending on what you’re using it for. A trust is a legal arrangement where you nominate one or more people or even a company to manage or control any money or assets you put into the trust. 

You can also use them as a tax-efficient way to hold money for your descendants for instance. In addition, some people set up trusts to help loved ones who have a mental health condition or learning disability and who claim State benefits, such as a Disability Living Allowance (or Personal Independence Payment) to help them access money better.