Trusts

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Our Trusts Department has substantial experience of advising on trusts, how they work and what they can achieve both in terms of tax planning and protection of family assets for future generations. Our team is able to advise on lifetime trusts as well as trusts which may arise following a person's death during the administration of an estate.

What is a Trust?

A trust is often created by a Deed or a Will but can also be created by the Court. The trustees of the trust are the legal owners of the trust property but have a legal obligation to manage the assets in a particular way for the benefit of the beneficiaries of the trust.

The beneficiaries are the people who are entitled to the income or the capital from the trust assets. Sometimes a beneficiary is entitled to both the income and capital.

There are various ways of safeguarding different types of assets within a trust and we are able to advise on the rights, obligations and tax implications of existing trusts or assist with the creation of new trusts.

We are able to combine our technical expertise with clear and practical advice.

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