For Minors


In law you are not able to enter into a contract until age 18, and as such using Bare Trusts (also called Absolute Trusts) is a way of placing assets that only adults can own – such as investments or property – and looking after these until a child comes of age.


Many parents and grandparents balk at the thought of an 18 year old receiving substantial assets. Other trusts are available whereby a child cannot have access to the capital of the Trust until a later age of 21 or even 25.


This protects the asset until an age whereby it is hoped they will reach financial maturity.


Whilst the above provides a very brief overview of Trusts, the fact remains that they provide a layer of complexity which requires a good understanding for them to be used effectively.


If you would like to learn more about Trusts or feel that you would benefit from including them in your plans please speak to your Financial Planner who would be happy to discuss your needs and comment on the appropriateness of holding assets in trust.


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