The trustee can be an individual, although it is common for corporate trustees (meaning a company) to be appointed as the trust does not need to go through a reappointment every time someone wants to retire or dies....
Discretionary trusts are a common vehicle to move assets through generations.
Assets held in any trust require particular care when estate planning, as they do not automatically form part of your estate on your death. The biggest challenge clients face is realising that assets in...