Trusts are beneficial for protecting assets to ensure that they are used and managed in the right way
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Whether you want to arrange your property in a tax efficient way or nominate someone to hold an asset on behalf of someone else, we can help.
The creation of Trusts can be beneficial for a number of reasons. A Trust can offer protection for a beneficiary who, because of their age or mental incapacity, may not be able to properly look after their own assets. Trusts can also be arranged to protect assets for your family for many generations.
There may be various reasons a person may be considering creating a Trust. We can provide advice on the different types of Trusts available and guide you through the process of setting up a Trust and managing it. We can also offer advice to Trustees as to their responsibilities and obligations.
Frequently asked questions
Who owns the assets in a Trust?
The assets are owned by the Trust and controlled and managed by the Trustees. The Trust Deed identifies the powers to buy, sell and invest the assets within the Trust. It is the Trustee’s responsibility to manage the Trust property responsibly.
What are the most common types of Trusts?
There are many different types of Trusts. Your Solicitor will be able to advise you on the most suitable one for your circumstances.
What is a Trust and how does it work?
In the simplest terms, a Trust is a legal arrangement where individuals, a group or a company (the Trustees) control money or assets (the Trust property) for the benefit of one or more people (the beneficiaries).
Our specialists in Trusts
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