Consider how assets could be managed for someone who may need help handling an inheritance.

Every family has different needs. You may be thinking about children or grandchildren, or an adult who would benefit from support with managing money.

A trust may offer a way for trustees to manage assets for someone else, subject to the terms of the arrangement. The right approach depends on the beneficiary’s circumstances and the type of trust being considered.

Planning for younger beneficiaries

If you want to provide for a child, it is important to understand how the money would be managed and when they would become entitled to it. These rules vary between trust types; not every trust lets you choose any access age you wish.

Considering additional support

Where a loved one has a disability or needs ongoing assistance, careful planning is particularly important. Their circumstances should be reviewed individually before deciding on an arrangement.

Make informed choices

Consider who could manage the assets, what support you hope to provide and whether the arrangement would remain suitable over time.

Speak to Olympia about your family’s needs and the questions you would like answered.