30s: Gain Momentum
30s: Gain Momentum
Investing In Their Future: Understanding Bare Trusts
by The Gloss
A bare trust can be a meaningful way to invest in your child’s future, but what exactly is it and how does it work in practice? In this short video, Catriona Coady, Head of Tax at Goodbody, explains bare trusts, how they can be used for long?term financial planning and the role it can play in helping families make intentional choices. At Goodbody, the approach goes beyond putting structures in place. “We spend time not just advising parents – but, when the time comes, helping young people understand the value of long?term, intentional decisions,” says Catriona. Understanding options like bare trusts early can help create clarity, confidence and a stronger foundation for the decades ahead.
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If you have a financial query, you can contact Goodbody’s all-female advisory team at [email protected] or visit www.goodbody.ie.
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