Trusts for children

This article considers some of the options available to a person who wishes to create a trust for a minor child. As a matter of general trust law, there is no difference between trusts for minors and trusts for adults. For most trusts, where the class of beneficiaries is widely defined, there will be a mixture of adults and minors, and different rules are not applied to each. Where there are differences relates to the taxation of trusts. In particular, the Inheritance Tax Act (IHTA) 1984 has created bespoke trusts for minors, which are distinguished because of their privileged tax position.