Umbrella trusts and free-standing trusts, what is the difference?

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Trusts have been around for a very long time and many of the financial advisors, or most of them, will be either very well versed in how trusts work or at least have a reasonable understanding. However, when it comes to an Umbrella Trust, it is a bit different, as they are not yet fully understood.

In our conversation with David Hurford, CEO, Fairheads Benefit Services unpacks the differences between umbrella trust and free-standing trusts.