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Director of Legal Services - Private Client
Trusts and Trust Administration
A Trust can be a tax-efficient way of benefiting someone in the future – for example, money passing to a relative on their eighteenth birthday; an allowance paid every month to a grandchild; a valuable possession held for safekeeping. Trusts can be arranged to deal with a vast range of circumstances, but their success depends on careful preparation.
Our specialist lawyers advise on setting up Trust funds including Bare Trusts, Life Interest Trusts and Discretionary Trusts. Each Trust has its own purpose. It’s our job to help you choose the right arrangement for you and ensure that the intentions you express will work on a practical and a legal level.
At the helm of a Trust are the trustees, chosen and appointed by you during your lifetime or in your Will. With responsibility for managing and carrying out the terms of the trust, trustees occasionally need support – and we’re here to help. Our lawyers advise on trustee obligations and on any issues that arise during their administration of the trust, including challenges by family members.
One area that we can advise on is the setting up of Trusts to protect monies received as compensation from a personal injury, usually referred to as Personal Injury Trusts. Putting these funds into a Personal Injury Trust arrangement can work to protect them from negatively affecting the life of the injured person.
Our lawyers are members of STEP, the worldwide professional association for practitioners dealing with family inheritance and succession planning.