What is a Trust?
Trusts come in various forms and are created for various purposes.
A trust is an arrangement where a person or organisation holds legal title to and manages the assets of the trust beneficiary. A trust is based on agreement between you (the person creating the trust), a person holding property (the trustee), and a person to receive benefit from the property (the beneficiary). At trust created by a will is called a Testamentary trust and become effective after your death.
Our specialist estate planning team advises on all aspects of trusts, whether it is creating, managing, challenging, administering or winding up a trust. Our expertise extends to:
- Testamentary Trusts
- Special Disability Trusts
- Inter vivos (or family) Trusts
- Minor Trusts
- Educational Trusts
- Charitable Trusts
If any of the following questions apply to you, then we recommend that you contact us to obtain advice from one of our solicitors.
- Do you have a beneficiary that is either too young to manage their own affairs or suffering from a disability?
- Do you have a beneficiary who is in a fractious relationship or facing bankruptcy?
- Are you part of a blended family?
- Are you interested in minimising tax for your beneficiaries?
For more information or to make an appointment contact one of our Wills and Estate team: