Protecting Your Wealth

Trusts are often established for various reasons, including tax mitigation, asset protection, and managing assets for those unable to handle their own affairs. There are several types of trusts, such as discretionary trusts or interest in possession trusts, where trustees hold assets on behalf of beneficiaries.

How We Can Help

We provide professional advice for those looking to create trusts, ensuring they understand the options and potential consequences. Here’s how we can assist:

  • Creating a Trust: We advise on whether setting up a trust is the right course of action based on your goals and explain the pros and cons.
  • Trustees’ Responsibilities: Trustees hold important duties and responsibilities to beneficiaries. We guide trustees on their obligations, ensuring they manage the trust properly and protect their legal position.
  • Tax Advice: We offer in-depth tax advice for setting up a trust and managing ongoing obligations, covering income tax, capital gains tax, and inheritance tax.
  • Administering Trusts: We help trustees administer trusts correctly, advising on decisions regarding assets and income distribution.

Why Set up a Trust?

Our expertise and understanding of trust law ensure that your assets are managed securely and tax-efficiently. There are many reasons why setting up a Trust could be the right path for you:

  • Mitigating Tax: We provide professional advice on how trusts can be used to reduce tax liabilities, including inheritance tax and capital gains tax.
  • Asset Protection: Trusts are effective tools for safeguarding your assets, ensuring they are distributed according to your wishes and protected from potential risks.
  • Long-Term Succession: Trusts can offer long-term succession planning, protecting assets for future generations while shielding them from events like divorce.
  • Ongoing Trustee Support: Our team is available to advise trustees on their duties to ensure the trust is administered in compliance with legal requirements and beneficiaries’ interests are protected.

Legal Compliance and International Considerations

Trusts must be compliant with UK laws, and we provide complete support:

  • Trust Registration Service: We handle trust registration with the Trust Registration Service, a legal requirement for most trusts.
  • Tax Compliance: Our team can complete tax returns on behalf of the trust, declaring any income or gains and settling any tax due.
  • Reporting and HMRC Filings: We assist in reporting exit charges and Ten Year Anniversaries to HMRC and settling any associated tax liabilities.
  • International Advice: For those with international assets, we provide advice to avoid unintended consequences and ensure full compliance across borders.

We offer full trust management services, including acting as professional trustees if needed, ensuring you can manage your assets efficiently and confidently.

FOR LIFE - FAMILY - FAMILY 2

Speak to a lawyer today

On 0121 233 4333 or request a callback

Why Choose Us

Our team is highly experienced in trust creation and management:

  • STEP Qualified Solicitors: Many members of our team are STEP-qualified, ensuring that you receive expert advice on setting up and managing trusts.
  • Legal 500 Recognition: We are proud to be Tier 2 Legal 500, with a deep understanding of trust law and tax implications.
  • Tailored Solutions: We provide bespoke advice specific to your objectives, often working alongside your accountant and financial adviser to offer comprehensive solutions.

Meet the team

Partner, Court of Protection

Associate Solicitor, Private Client

Solicitor, Private Client

Solicitor, Private Client

Associate Solicitor, Private Client

Associate Solicitor, Private Client

Associate Solicitor, Private Client

Senior Associate, Private Client

Consultant, Private Client

Partner, Private Client

Managing Partner, Private Client

Associate Solicitor, Private Client

Solicitor, Private Client

Senior Associate, Private Client

Senior Executive, Private Client

Speak to a lawyer today

On 0121 233 4333 or contact us below.

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