Trusts can be written into a will or set up in life. The type you wish to have would depend on your circumstances and objective, but the main Trusts include:

Bare trust – a straightforward and simple Trust, giving everything to the beneficiary immediately provided they are 18 years old.
Interest in possession trust – the beneficiary has a right to the income from the Trust assets but not the capital. These Trusts can be included when you make a Will and are often used when people wish to protect their children’s inheritance if in a second marriage or to protect a home from care fees through a Property Protection Will Trust.
Discretionary trust – they again can be included when writing a Will. The Trustees have absolute discretion on deciding who gets what and a list of potential beneficiaries can be listed.
Mixed trust – a combination of the two above is possible in a Will to suit particular requirements.
Trust for a vulnerable/disabled person – there are significant tax benefits to having such a Trust and this type of Trust will also not affect a beneficiary’s ability to claim benefits due to their disability.
Nil rate band discretionary Will Trust – this allows a person to leave their personal inheritance tax personal allowance to nominated individuals.