A trust which your client, the settlor, creates by lending money to their trustees to invest rather than giving it away. The loan is repayable to your client on demand, giving them flexibility for the future and can be repaid to them on an occasional basis or by regular repayments.
The Discretionary version allows the trustees to amend the beneficiaries, whereas the Bare version names the beneficiaries at outset and these cannot be changed.
Read about Loan Trusts
Loan Trust Bare brochure
Loan Trust Discretionary brochure
Informer article - How a loan trust may help IHT planning
Watch this Techcellence video on Loan Trusts
Visit the Trustability Hub for useful support materials about trusts.
Access the new Trust Form Finder for forms to set up a trust. Additional items can be found in the Literature Library.