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A Trust may be created during a person's lifetime, on death by a Will or under the Intestacy Rules where a person does not leave a Will. The creation of a Trust is the alternative to giving property to someone outright.
A Trust comes into being when assets are transferred by an individual to Trustees who hold these assets for the benefit of one or more persons who will receive income and/or capital from the Trust.
The requirements for trusts to achieve tax benefits are complex and it is vital to seek professional advice before creating any form of Trust. The administration of any Trust may also have complexities. Our experienced team are able to:
Advise on Trusts in connection with your personal circumstances.
Draft Trust Deeds and associated documents
Administer the Trust
Act as Trustees, where appropriate
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