People often shy away from trusts, perceiving them to be over complicated. Whilst it is true that trusts can be complex, many trusts can be used in very direct and practical ways and they can provide a level of flexibility in estate planning that cannot be denied. We pride ourselves on our ability to communicate with clients in a clear jargon-free manner, to demystify trusts. This allows our clients to make informed decisions on the suitability of trusts for their circumstances.
A trust can be established in lifetime by a trust deed or via someone’s Will, to come into effect on death. Our experienced team advises on all aspects of trusts including creation, use, variation and termination. We advise those creating a trust (‘settlor’), individuals responsible for managing the trust (‘trustees’) and those who can benefit from the trust (‘beneficiaries’). We are also experienced in working in the role of a professional trustee. Our clients are UK and non-UK resident and include private individuals, corporates and international families.
Our Trust Manager Lauren Hockley-Smith works alongside other team members to provide specialist trust advice, register trusts with HMRC and prepare and submit annual trust accounts and tax returns.
For a discussion on whether a trust might be right for you, please contact one of our team members below.