Declarations Of Trust
A trust is an agreement created when assets such as property, shares or money are transferred to a small group of people known as ‘trustees’ to be held on behalf of one or more people who are the ‘beneficiaries’ of the trust.
There are a number of reasons why you might wish to set up a Trust. You might want to provide for your children, grandchildren and other relatives, while retaining control over the money or assets in question. Whether in a lifetime settlement or in a will, trusts can help ensure long term financial provision and tax saving. We can advise you regarding the most favourable use of trusts and also assist with their preparation and administration. Our solicitors will act as professional trustees if required, although we suggest including at least one lay person as a trustee. The use of trusts, whether in a lifetime settlement or in a will, can have great benefits in ensuring long term financial provision and saving tax. We advise on the most favourable use of trusts and deal with their preparation and, if required, their administration. If required, the firm’s partners will act as professional trustees, although we always suggest that there is at least one lay person as a trustee.
Our partners have over 50 years combined experience. We specialise in family law including divorce, children issues and financial implications, and also in property and commercial work, and wills, estate and Probate. Though we specialise in family law, we can help in a wide range of legal matters. Serving Herts, Beds, Bucks and beyond, including clients who have relocated elsewhere in the UK or overseas.
Trust options available to you
- The types of trust we can assist on include:
- Discretionary Trusts
- Life Interest Trusts
- Protective Trusts
- Trusts of Property
- Pilot Trusts
- Trusts of Pension or Death in Service Benefits
- Lifetime Trusts and Trusts created by a Will
To arrange to speak to our wills, trusts and probate solicitors, contact us on 01462 636666 or complete our online enquiry form.