Clearly the establishment of a trust involving the divesting of at least some portion of one's personal wealth should not be undertaken without careful consideration and only after having taken proper advice as to the taxation and other implications.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.