Trusts

Trusts have throughout history been used as a device for holding assets on behalf of beneficiaries and maintaining control over those assets. Trusts can be created during your lifetime or on your death. There are three basic types of Trust which can be used in the UK whether created in lifetimes or on death through a Will, they are:

• Bare trusts
• Discretionary trusts
• Life Interest or Interest in Possession trusts

You may consider a trust for the following reasons:

• Protection of assets for disabled beneficiaries or the elderly
• Maintenance of assets for children, the disabled or elderly
• Protection and maintenance of assets for beneficiaries in general
• Specific trusts for the protection and maintenance of personal injury settlements.

Brethertons offers an experienced team who can provide expert advice on:

• Creating trusts and the right trust for your circumstances
• Administration of trusts, preparation of trust accounts and tax returns
• Trustees obligations and duties
• Distributions from and terminations of trusts.

	Elizabeth Young Head of Private Client and Probate Tel:  (01788) 559 501 Email: elizabethyoung@brethertons.co.uk
	Sarah Butt Solicitor Tel:  (01788) 559 505 Email: sarahbutt@brethertons.co.uk
	Alison Bristow Solicitor Tel:  (01788) 559 508 Email: alisonbristow@brethertons.co.uk