— Trusts can be established for a variety of reasons
What is a Trust?
Contact one our Trust Specialists
Read about the Trusts Act 2019
Trusts are a powerful estate planning tool which may provide a greater level of protection, passing them on in a way that is most appropriate to your beneficiaries.
Trusts Act 2019 now in force
Recent changes to Trust Law now means there is greater transparency around trust activity and greater compliance placed on trustees.
If you are a trustee, or thinking about establishing a trust it is important that you know about these changes and what they mean.
No trust should be set up without proper advice or an assessment of the impact of the trust on your overall position. We will look at your personal circumstances, your legal obligations, any dependants, your assets and liabilities and your future intentions with regard to your lifestyle and who may inherit your assets.
It is important that the trust is flexible, and yet has rules in place to ensure legality. A properly established trust cannot be contested in the same way as a bequest under a will, a trust gives the settlor greater certainty that his/her wishes will be acknowledged.
Therefore it is essential you choose a trustee with specialist knowledge, continuity and reliability. As specialist trustees we offer comprehensive advice and a number of trust structures to cater for a wide range of circumstances.