The Loan Trust offers a choice of trust - Absolute or Discretionary - so your client can decide which better suits their circumstances.
Absolute Trust
Your client must select the beneficiaries and their share of the trust fund when setting up the trust. The Absolute Trust may be suitable if your client is sure of how they'd like trust assets to be distributed.
Discretionary Trust
Trustees have the discretion to make distributions to anyone from a wide class of beneficiaries. The Discretionary Trust may be suitable if your client is unsure who they'd like trust assets to be distributed to.
For information on the types of trust available, download A guide to the Loan Trust (PDF)