Trusts allow you to protect your assets and distribute them between beneficiaries. So whether you have received money from a loved one’s estate or wish to protect your assets for future generations, our trust administration solicitors can highlight your available options.
Trusts can benefit a wide range of Private Clients, not simply the very wealthy, as you might believe. We deliver bespoke advice to help you understand effective ways to protect your assets. and ensure your financial affairs are managed effectively and as tax-efficiently as possible.
We can prepare the necessary documents to set up a Trust or assist you in ongoing administration, including filing Tax Returns with HM Revenue & Customs, making payments of income/capital to beneficiaries and advising Trustees on their obligations.
Our Trust Solicitor Services
We offer a comprehensive service covering every legal aspect of Trusts. We can help you:
Create A Trust
There are a number of requirements for the legal formation of a Trust. With our expertise, we can explain your options, prepare the relevant documents and help you with the various HM Revenue and Customs obligations.
Understand Your Obligations As A Trustee
As part of your role as a trustee, you have key responsibilities. We can explain these duties to you simply so you can fulfil them.
We can help you navigate the tax obligations surrounding a Trust and explain how you can distribute your assets tax efficiently.
Administer A Trust
Administering Trusts is complex, but we can help. Our solicitors can explain the best strategies and how you implement them.
What You Should Consider Regarding Trusts
There are some key things to consider when setting up a trust. Our solicitors can explain them and implement processes to help you. You should think about:
- Annual Trust Reports
- Administration of the Trust
- The Trust’s Performance
- Agreeing on the Best Investment Policy
- Legislation Changes
- Retiring Trustees
- Appointing Trustees
- Tax Considerations and Compliance
- Transfer of the Trust property
- Fund Distributions
Could You Benefit From A Trust?
Trusts are typically associated with the wealthy, but they can be worthwhile for many individuals. You can set up a Trust for your children to support them if you cannot. The Trustees will manage and distribute your money amongst your loved ones.
They are particularly useful for supporting individuals claiming state disability benefits. The funds in the Trust can supplement their benefit payments.
Our team is based at our offices in Birmingham city centre and the growing suburban town of Solihull. However, our services reach clients throughout the Midlands and beyond. No matter where you are, we can provide our expert support. We can even advise on international cases using our network of connections in 40 countries.
We have a broad team of private client solicitors and partners who provide legal support regarding your Trusts. It includes solicitors recommended by the Legal 500 in 2022 and 2023. Discover their profiles and experience.