Trusts

Trusts are used to manage property, assets and investments. They can be created both in lifetime, and in death via a clause in a will.

We offer a range of services when it comes to trusts.

Follow the links below to find out about each one in more detail.

What is a Trust?

They can seem complicated and confusing, but they can be incredibly valuable. They’re often used for protecting property and investments, and are mainly used for when caring for people is involved, such as children or the elderly.

How do I create a Trust?

Before setting up a trust, it’s recommended to seek legal advice to ensure you’re creating the right trust for you and your circumstances.

There are a range of trust types, including:

Will trusts
Life interest trusts
Lifetime trusts
Compensation protection trusts.

Our expert solicitors can talk you through what your best options are, to ensure efficiency and simplicity.

Why might I need a Trust?

The main reasons include:

To protect family assets for the future
To reduce inheritance tax
For a child or grandchild who is too young to handle their affairs
For someone who lacks the mental capacity to handle their affairs
To hold a compensation payment following an injury claim
To pass on assets when you die.

Why is it beneficial to seek legal assistance when setting up a Trust?

A legal professional will be able to use their years of expertise and knowledge to help you work out what trust is best for you, what conditions you should choose, and ensuring your trust doesn’t create conflict with your will.

What happens if a Trust and Will are conflicted?

This will create confusion, which can lead to potentially voiding certain aspects of one’s will, meaning their wishes may not be carried out how they requested. You should have both your Will and Trust documents checked by a solicitor to ensure they are not conflicting or contradictory.