What our clients say…
Thank you for all your help with Mum’s LPA and will. You certainly made what was an initially daunting process very smooth and stress free. We really appreciated your professional yet friendly and caring approach.Wills & Probate Client
A trust is a body that owns assets which are managed by appointed persons, known as Trustees, for the benefit of one or more beneficiaries.
The creation of a trust involves the formal transfer of assets from you to the Trustees with instructions that they hold, manage and invest those assets for the benefit of the beneficiaries. A trust can be created in two ways:
As the name suggests, a Will Trust is created as part of your will. The trust rules must be set out in your will and the trust will take effect after your death.
Settlements and Trust Deeds
In cases where a trust is created to take effect within your lifetime, it is sometimes referred to as a 'settlement'. Creation of this kind of trust involves the drawing up of a called a 'trust deed', in which the trust rules are set out.In either case, the trust document (the will or deed), states who is responsible for administering the assets (in other words, it names the Trustees), names those who are to benefit from the trust (the Beneficiaries) and sets out any rules or conditions which either the Trustees or the Beneficiaries must comply with. The trust document also states details of how and when the trust will end.Our wills, trusts and inheritance tax planning lawyers can help you to draw up a trust deed, or create a trust as part of your will. By listening carefully to your requirements we will make it easy for you to make the best of your assets and investments – both now and in the future.
Call us on 0800 138 0458 or send us a message using our contact form to arrange your free initial consultation with one of our Trusts specialists.
What our clients say…
Thank you for all your help with Mum’s LPA and will. You certainly made what was an initially daunting process very smooth and stress free. We really appreciated your professional yet friendly and caring approach.Wills & Trusts Client