What kind of account is a trust account
A trust is where money or other assets are held on behalf of somebody else (known as a beneficiary). The beneficiary could be a child, an adult who lacks capacity to manage their own affairs or an organisation. Read our guide to find out more about trust accounts.
United Kingdom Kellands Hale Flexible Life Interest Trusts Discretionary Trusts Inheritance Tax Nil Rate Band
Source: moneyfactscompare.co.uk