​​ For many they believe that the use of trusts is something that is reserved for the rich and famous. In reality they should be used by everyone, as the most basic of trusts is a Will. The first thing to explain is what exactly is a trust? HMRC describe a trust as a way of managing assets (money, investments, land or buildings) for people. There are many different types of trusts and they are taxed differently and with many different objectives. The two main ones are for red