We have a kind donor, who doesn't think they'll be around for much longer, they own a small guesthouse business, the humble profits from which currently go to our cause, possibly though more than one charity. The owner would like to do the best thing for the cause and thinks that this would be to set up a trust so that the business can continue to be run in their absence. However they do seem open to the idea of not setting up the trust and just including the property in the will as a legacy. They have come to us for advice
Does anyone have any advice with regards to:
a) setting up a trust
b) the pros and cons of both options
c) how best to advise the donor
Thanks for any help,
Reuben
