Trusts
A trust is a legal agreement in which appointed trustees are entrusted with managing assets placed in a trust designed for the benefit of the beneficiaries. Trusts allow an individual to allocate their assets whilst maintaining an element of control over the management and utilisation of these assets for the welfare of the beneficiaries. Trusts can be created both in lifetime, or on death (via a will trust).
Trusts are suitable for many reasons and not just for high-net-worth individuals. Trusts can effectively manage estates and navigate inheritance tax planning, provide a protective layer for assets, and ensure their availability for succeeding generations.
Private Client Solicitors
Early legal advice is vital when devising solid estate plans and those surrounding the setup of a trust. It can alleviate your worries and contribute to laying a reliable financial groundwork for your loved ones.
If you need help forming a trust, our specialist Private Client solicitors are equipped to utilise their expertise and experience in assisting you. To learn more about our services, please get in touch with us at chris@onionsanddavies.co.uk.
The Assistance Our Private Client Solicitors Can Provide
If you are contemplating establishing a trust, we can provide comprehensive advice on various aspects, such as the role and selection of trustees, administrative processes of the trust, and potential tax implications. We aim to equip you with all the necessary information to make an informed decision about your financial future. Numerous types of trusts are available, each with varying rules and benefits. We can offer advice and guidance on a wide range of trusts, including:
· Bare Trusts
· Interest In Possession Trusts
· Discretionary Trusts
· Disabled Persons Trusts
· Will Trusts
· Lifetime Trusts
We appreciate how daunting it may seem to decipher which trust suits your needs best. Our highly experienced team is on hand to discuss your options with you, providing specialist advice and guidance tailored to your requirements.
We prioritise clear communication, ensuring that explanations are straightforward and always in your best interests.
Chris Milne, Solicitor, Director, and Head of the Private Client team is an accredited member of STEP (The Society of Trust and Estate Practitioners) and the Law Society’s Private Client section, with specialist expertise in this area. He is also a full member of Solicitors for the Elderly, a national organisation comprised of lawyers with expertise in this area of law and holds the Older Client Care in Practice accreditation.
Get in Touch with Our Trusts and Estates Team
We aim to provide personal, individual services in a clear and friendly way without compromising the quality of advice. We combine highly qualified and experienced solicitors with carefully selected support staff.
Contact us to speak to one of our experienced Private Client solicitors for friendly, clear and, above all, practical advice. Please call our team on 01630 652405 or visit: meet the team.
Contact Us
© 2018 Onions & Davies. Onions & Davies Solicitors is the trading name of Onions & Davies Ltd, Company Reg. No. 8322297, Registered Office address: 91 Cheshire Street, Market Drayton, Shropshire, TF9 3AF. Onions & Davies is authorised and regulated by the Solicitors Regulation Authority (SRA ID Number: 607617)