FAQs - New Trusts

Q. What types of trust are there and can I have a brief description of each?

A. There are a number of different sorts of trusts but they usually fall into one of the following categories:

• Bare trusts
• Interest in possession trusts
• Discretionary trusts
• Accumulation and maintenance trusts
• Mixed trusts.
• Settlor-interested trusts
• 'Non-resident trusts'
• ' Special trusts'