Trusts

The Trusts Team are experts in the creation of new trusts and the management and amendment of existing trusts.

There could be many reasons why you might want to create a trust. For example, you might want to look after assets for your children whilst they are too young to manage them themselves, or because you want to make a gift to someone without losing control over how the asset is managed.

Trusts can either be set up during your lifetime, or can be included in your Will, so that they come into existence on your death. Our trust lawyers can advise on the creation of new trusts and can give clear advice on the Inheritance Tax, Income Tax and Capital Gains Tax implications of doing so.

Once a trust has been created, certain compliance issues need to be observed and our experts can guide you through the management of these trusts. Where appropriate we can also assist you with amending the terms of an existing trust whether it is to change the trustees, pass trust assets to beneficiaries or even terminate the trust completely.

Our team deals with the general administration and taxation of trusts for individuals, families and charities. Other services also include providing advice to trustees and beneficiaries, offshore trusts and preparation of accounts and trust tax returns.