WHAT IS A TRUST

A trust is a legal arrangement that allows one group of people (the trustees) to manage money or other assets for the benefit of other people (the beneficiaries).
There are many types of trust which can be set up during the Settlors lifetime by way of a Trust Deed or upon death made under a Will. In a lifetime trust assets are then transferred to the Trustees.

Trusts involve a person or a company (a Settlor) putting money or assets into a legal entity to be controlled by Trustees according to the directions of the Settlor for the benefit of specific individuals (called Beneficiaries). A trust is a legal body in its own right and can be created by a your Will or set up during your lifetime.

Our Solicitors will draft a Trust document and arrange for it to be signed.  Before doing so, we will work to understand your situation and advise whether a Trust is the best solution for your circumstances; there are  associated taxes and payments that may make it not right for your particular circumstances.

You can be confident we will advise you of any implications and discuss alternative options which may better serve your interests.