Trusts

Trusts are useful legal tools for safeguarding assets on behalf of beneficiaries, multi-generational planning and for blended families.

Our specialist private client solicitors have considerable experience in creating and administering a range of trusts. We will work with you to understand your objectives and put in place the formal legal arrangements required.

A trust is a legal arrangement whereby you transfer assets to individuals known as trustees for them to manage for the ultimate benefit of others. The trustees must act to ensure the assets are managed appropriately for the intended beneficiaries.

Properly prepared, modern trusts can be a relatively low maintenance way of protecting your loved ones in difficult scenarios, such as making provision for a disabled child. In some instances, they can help reduce taxes.

There are several types of trust you can choose from, and our team of specialists will work closely with your financial adviser and accountant, if appropriate, to provide expert guidance on the most suitable one for you and your family.

For instance, you can establish a trust through your will, which becomes effective after your death. This can help you safeguard assets for beneficiaries who are too young or incapable of managing their own finances. A will trust can also be highly beneficial for couples who are in a second marriage, as it can provide protection for their respective families.