Trusts can play a part in tax and succession planning. However they are not exclusively the provenance of the wealthy.
Most of us have, or should have, Life Assurance and Death in Service Benefits which can (and should often) be written in trust to avoid unexpected consequences.
Uses of Trusts include mitigating Inheritance Tax and Capital Gains Tax or providing funds for people where it would not be suitable for them to hold the funds outright, such as due to age, mental incapacity, potential divorce or insolvency. We can advise on the use and creation of trusts and also handle their administration.