Guide · Inheritance
Do you need a financial adviser for a trust?
Trust planning can involve both legal structure and investment decisions. Those are related jobs, but they are not the same job.
What is the solicitor's role?
A solicitor can advise on the legal structure, drafting and administration issues around a trust. MoneyHelper points consumers to legal professionals when they need help setting one up.
What can a financial adviser do?
A regulated adviser may help trustees or families with investments, financial planning and how the trust fits the wider estate or family objectives, depending on the adviser's permissions and expertise.
What should you compare?
Trust experienceDoes the adviser regularly work with trustees or trust investments?
Professional coordinationWill they work with the solicitor and accountant rather than duplicate their roles?
Investment responsibilityWho makes decisions and what service is being provided?
FeesAsk for the actual cost and whether it is one-off or ongoing.
Use a specialist where the structure is complex
A generic investment adviser may not be the right fit for a complicated family trust. Ask directly about repeated trust experience.
Sources & further reading