Trusts

Clients decide to use trusts for a variety of reasons depending on their personal circumstances. We also advise Trustees of existing trusts in relation to complying with their obligations and getting the most out of their trust.

Trusts are a complicated area and we appreciate that many clients will not necessarily appreciate what a trust is and how it works. Our expert Trust Solicitors provide clear advice to clients who would benefit from the use of Trusts so that they go away understanding why they are creating a Trust and how the Trust will work in practice.

There are different types of trusts. Our trusts team will advise you on the trust options available to you and what sort of trust may suit your circumstances. We also advise on the tax implications of entering into a specific type of trusts. Not all trusts are taxed in the same way.

We regularly advise on and set up the following:

• Trusts for families with children from different relationships;
• Trusts to ensure assets pass through the bloodline relatives only;
• Trusts in Wills for unmarried couples for tax planning purposes;
• Discretionary trusts to protect assets for a variety of reasons;
• Trusts to protect vulnerable or disabled beneficiaries;
• Trusts for tax planning purposes;
• Personal injury trusts;
• Trusts to protect property;
• Charitable trusts;
• Employee Benefit Trust (EBT);
• Pension trusts;

We also advise trustees of existing trusts on their obligations and responsibilities.

All of our team have done extra qualifications in trust administration and also the tax regime for trusts. We have extensive experience of setting up trusts, and also managing live trusts. This means that we are aware of the practicalities of running a trust and can advise on this when drafting new trusts.

We understand the need to always keep the client’s objectives in mind and we will not overcomplicated things unnecessarily. All our team are able to give clear and practical advice, whatever your circumstances.

If you wish to know more about trusts and how they could benefit you, or if you are a Trustee who needs help carrying out your obligations then call our team.