|
Contact us:
Complete the form below and one of our lawyers will contact you shortly, or call us direct on 0116 257 4459.
|
Trusts
At Harvey Ingram, our specialist team of trust lawyers and administrators have a wealth of experience helping trustees to get started and administer trusts and currently the team administers trusts with assets worth in excess of £800 million.
Trust Creation
A trust is created when someone gives assets to other people, the trustees, to hold, not for their own benefit, but for the benefit of others - the beneficiaries.
Trusts can be set up during a person's lifetime or on their death via their Will or Intestacy.
In whatever situation, the trustees then become liable for managing the assets on behalf of the beneficiaries – the Trust Administration
There are a variety of trusts which our trust lawyers can create, including:
- Bare Trusts
- Life Interest Trusts
- Discretionary Trusts
- Charitable Trusts
At Harvey Ingram, our team of trust solicitors can advise and assist with:
- Understanding which of these trusts is most suitable
- Completing the necessary legal formalities to ensure that the trust is valid
- Understanding and reducing your tax liability through the creation of trusts
- Removing or appointing trustees
- Varying existing trusts
- Dealing with disputes
- Choosing trustees
Trust Administration
Once the trust has been correctly established, the trustees have an on-going duty to administer the trust in the best interests of the beneficiaries.
Our team of trust lawyers and trust administrators can assist in the trust administration and ensure compliance with all duties and regulations imposed on trusts and trustees.
We can routinely assist with:
- Record keeping, including trustees' meetings and resolutions
- Tax Returns
- Annual Accounts
- Ensuring tax efficiency regarding income and payments out of the trust, and the structure of the trust itself
- Advising on trustees’ duties and responsibilities
Contact Us - Trusts
For more information on trusts, trust creation and trust administration, please contact one of our trusts lawyers and administrators.