Trusts

Trusts can arise in a number of circumstances, for example as part of tax planning during your lifetime or under the terms of a Will.

Trust law is complicated and the personal responsibilities on Trustees are incredibly important. If you are or may be acting as a Trustee then you have control of money or property for and on behalf of someone else.

There are a number of types of Trusts each with their own set of rules.

As a Trustee you are obliged to understand your role and responsibilities and to act in a certain manner throughout the lifetime of the Trust.

ARRANGE A FREE INITIAL MEETING

We offer a comprehensive service to Trustees which includes:

Advice relating to your role and responsibilities in general, both before and after your appointment as Trustee
Advice about specific decisions you are faced with, for example investments or distributions
Advice about the tax position of the Trust
Retirement and replacement of Trustees
Drafting paperwork for distributions to beneficiaries
Preparation of annual Trust Accounts
Preparation of annual Trust Tax Returns

We also act for beneficiaries of Trusts offering advice on what they are entitled to, when and what to do if they disagree with a Trustees behaviour.

Our initial appointment with you is free and our costs will be fixed where this is possible.