Give me five interesting facts and trends in the trusts sector
1. The use of technology in trust management is increasing, such as the use of digital signatures, automated trust document management systems, and online trust creation and management.
2. According to the British Trust Corporation Survey, trust assets held by UK trust companies have grown by 4.7% over the past 12 months.
3. The use of trust protectors is becoming increasingly popular as a way to ensure that the trust is managed in accordance with the wishes of the settlor.
4. The number of trusts established for tax purposes is declining due to the introduction of inheritance tax rules which limit the tax advantages of setting up a trust.
5. Due to the increased use of trusts, a growing number of trust service providers are entering the market, offering a range of services including trust management, administration, and advice.