Trust Law & Administration

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Trust & Estate Planning

The use of trusts can be a good way for some individuals to protect valuable assets against the risks of divorce, bankruptcy, re-marriage and care home fees.

In many families the largest asset is the family property. We can help you consider whether it would be worthwhile to sever the tenancy on a joint property to provide more flexibility in estate planning. This can assist in protecting the assets from a local authority assessment for nursing care fees or in a re-marriage situation. These are often referred to as ‘Property Trusts’ or ‘Life Interest Trusts’.

Creating trusts through your Will or during your lifetime

Advice on the tax implications of the creation of a trust

Guidance of Trustees as to their role and responsibilities, including the management of funds and distributions

Preparation of annual accounts and trust tax returns for HMRC

Preparation of supplementary Deeds needed upon distributions from the trust or the retirement or appointment of Trustees

Winding up an existing trust

Whatever the issue we are able to help you navigate through what can often be difficult issues that arise in fairly tight time scales.